fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home E-commerce

Indonesia’s quick delivery commerce startup Astro raises US$27 million in a Series A funding round

AsiaTechDaily Writer by AsiaTechDaily Writer
02 February 2022
in E-commerce, Featured
0
Astro
90
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Indonesia-based quick delivery commerce startup Astro has raised US$27 million in a Series A funding round led by Sequoia Capital India and Accel. The round was also joined by existing investors including Global Founders, AC Ventures, Goodwater Capital, Lightspeed. Angel investors including founders and senior executives of Ajaib, Traveloka, OYO, Swiggy, Udaan, and Meesho also participated.

Astro plans to use the latest funding to expand its reach across Indonesia and hire more talent this year.

About Astro

Headquartered in Jakarta, Astro was founded in September 2021 by Vincent Tjendra to offer a quick commerce platform that provides groceries and essentials in 15 minutes.

The startup has managed to raise a total of US$31.5 million to date since its inception last year beginning with US$4.5 million in seed funding from AC Ventures, Lightspeed Venture Partners, Global Founders Capital, and Goodwater Capital in November last year.

Astro co-founder and CEO Vincent Tjendra said in a statement, “Our mission at Astro is to make people’s lives simpler and easier. Our Astronauts deliver groceries and essentials to you within 15 minutes so you can spend your time, energy and money on other meaningful things in life.”

The e-grocery sector in Southeast Asia was among the segments that benefited the most due to the influx of new digital consumers during the pandemic, according to a report by Google, Temasek, Bain & Company.

According to tech venture consultancy Momentum Work’s founder and CEO Jianggan Li, during the second half of 2021, the quick commerce segment across the globe has gained a lot of attention from investors which led to many startups raising a significant amount of money.

According to a report from the startup, companies such as Gojek, Foodpanda, Grab, Deliveroo, LINE MAN Wongai have made an aggressive push into the quick commerce and grocery segments, leveraging their existing delivery infrastructure and customer base to tackle a much bigger addressable market.

Tags: e-grocerypandemicquick commerce
Previous Post

BreederDAO raises $10m Series A led by a16z, Delphi Digital

Next Post

India’s EdTech startup Scaler Academy raises US$55 million in funding from Lightrock, Sequoia, Tiger Global

Related Posts

edit post
WhyQ
Ecosystem

WhyQ secures $1.4m to help SMEs compete in digital economy

January 30, 2023
edit post
Eazy Digital
Featured

Thai insurtech startup Eazy Digital raises $850K in Seed funding

January 30, 2023
edit post
Grab Kandal
Featured

Grab appoints Philipp Kandal as Chief Product Officer

January 30, 2023
edit post
Holmusk
Featured

Healthtech startup Holmusk raises $45m to continue rapid expansion

January 23, 2023
edit post
Jumppoint
Featured

Hong Kong-based logistics platform for e-commerce merchants Jumppoint raises $6.5m in series A

January 16, 2023
edit post
Evo Commerce
E-commerce

Singapore’s Evo Commerce raises $2m to fuel global expansion

January 29, 2023
Next Post
edit post
Scaler Academy

India’s EdTech startup Scaler Academy raises US$55 million in funding from Lightrock, Sequoia, Tiger Global

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback