JAKARTA, Indonesia, June 20, 2022 /PRNewswire/ Dailybox Group, an Indonesia-based tech-enabled multi-brand restaurant chain, announced it has closed a USD 24 million (approximately IDR 355 billion) Series B investment round led by Northstar Group and Vertex Growth, with participation from existing investors Vertex Ventures Southeast Asia and India (VVSEAI) and Kinesys Group. The start-up plans to deploy the fresh funds to expand its national footprint, enhance its tech capabilities and add more food and beverage brands. The company currently operates more than 150 outlets - making it one of Indonesia's largest F&B operators. Dailybox Group is currently present in more than 20 cities across Indonesia, and plans to continue growing nationally with a focus on second and third-tier cities. "Dailybox Group was founded with the goal to disrupt the F&B industry in Indonesia with various practical comfort food dishes. We are grateful for all investors supporting us to achiev
Indonesia Digest: Dr Soap raises funds from SALT Ventures; Dailybox closes Series A dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Indonesian food-tech firms bet big on delivery platforms for growth
Photo by Chan Walrus from Pexels Premium
Before establishing local rice box brand Dailybox in mid-2018, Kelvin Subowo was astonished by the fascinating growth of food delivery services, driven by Southeast Asia’s largest ride-hailing players, Gojek and Grab.
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