This summary is generated by an algorithm. If you find any mistakes, let us know.

Asia Consumer Goods E-Commerce Grocery Group Buying Social

Indonesian social commerce app KitaBeli gets $10M led by Go Ventures

– KitaBeli, an Indonesian social commerce app for group buying, announced today it has raised a $10 million Series A.
– The round was led by Go Ventures, whose cornerstone investor is Gojek, with participation from returning investors AC Ventures and East Ventures.
– KitaBeli currently focuses on selling fresh produce and fast-moving consumer goods (FMCG) in areas outside of Indonesia’s major cities, including to people who have never shopped online before.
– Launched in March 2020 in Jarkata, KitaBeli then entered the cities of Solo and Malang.
– Its new funding will be used to expand KitaBeli’s operations in Java, growing its logistics network and developing its mobile app.

Source
Crunchbase icon

Content report

The following text will be sent to our editors: