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- Sayurbox
Sayurbox Funding, Investors & Competitors
Sayurbox has raised $139M across 4 funding rounds, most recently a $119M Series C in March 2022.
Last Sayurbox funding round
$119M
Series C · Mar 2022
Cumulative funding Sayurbox raised
$139M
across 4 funding rounds
Key investors in Sayurbox
Ondine Capital
Global Brain Corporation
Astra International
International Finance Corporation
Alpha JWC Ventures
Syngenta Ventures
Northstar Group
BRI Ventures
About Sayurbox
Sayurbox is a Bandung-headquartered Indonesian online grocer delivering fresh fruits, vegetables, and staples from urban farms. Founded in 2016, the platform operates a network of 50 partner farms supplying Jakarta and Bandung markets daily, with same-day delivery and subscription boxes emphasizing local produce.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Sayurbox Funding History
Sayurbox has raised a total of $139M across 4 funding rounds.
Sayurbox's first fundraising round was a $700K seed round in July 2019. The most recent completed round was a $119M Series C in March 2022.
Sayurbox funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2022 | Series C | Alpha JWC Ventures (lead); Northstar Group (lead); Global Brain Corporation; Syngenta Ventures; Ondine Capital; BRI Ventures; Astra International; International Finance Corporation | $119M | Sayurbox, founded in 2017, operates Indonesia's leading B2C e-grocery platform, integrating farm-to-consumer supply chain with over 5,000 SKUs including fresh produce, meat, poultry, snacks, and ready-to-eat dishes. It serves around 1 million customers in Java and Bali, partnering with more than 10,000 farmers, aiming to expand to 40,000 by 2024. The platform uses proprietary algorithms for demand forecasting, inventory planning, and route optimization to ensure delivery within 12 hours from harvest, reducing wastage and improving freshness, pricing, and on-time delivery. On March 21, 2022, Sayurbox raised $120 million in an oversubscribed Series C round led by Alpha JWC Ventures and Northstar Group, with participation from IFC ($10 million), Astra International, Syngenta Group Ventures, Global Brain Corporation, BRI Ventures, Ondine Capital, and undisclosed angels. Funds will expand e-grocery penetration in new and existing cities, scale digital platform, enhance supply chain infrastructure, technology for optimization, warehouse and fulfillment, geographic reach, and farmer partnerships. The round positions Sayurbox to tackle Indonesia's fragmented logistics and diverse consumer behaviors, building a proprietary supply chain comparable to global leaders. It addresses a $120 billion market while reducing 50% harvest loss through digital efficiencies. |
| Apr 2021 | Series B | Astra International (lead); Global Brain Corporation; Ondine Capital; Astra Digital | $15M | Sayurbox is an Indonesia-based B2C and B2B e-grocery startup connecting consumers with fresh produce from local farmers through a tech-enabled supply chain. The company raised $15 million in its Series B funding round in April 2021, led by PT Astra International Tbk through its subsidiary Astra Digital International, with participation from Global Brain Corporation, Ondine Capital, and others. This followed a Series A round of $5 million in May 2020 and seed funding. The Series B funding supported Sayurbox's expansion from the Greater Jakarta area to cities like Surabaya and Bali, product range growth, and development of micro-fulfillment hubs for its quick commerce service SayurKilat. Astra International, one of Indonesia's largest conglomerates with interests in automotive, financial services, and agribusiness, backed the round to promote sustainable farming and improve livelihoods in Indonesia's agricultural sector. |
| May 2020 | Series A | Ondine Capital | $5M | - |
| Jul 2019 | Seed | - | $700K | - |
Who has invested in Sayurbox?
9 investors have backed Sayurbox across its funding rounds, including Ondine Capital, Global Brain Corporation, Astra International, International Finance Corporation, Alpha JWC Ventures and Syngenta Ventures.
Lead investors include Alpha JWC Ventures, Northstar Group and Astra International.
Sayurbox Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | May 2020 | ||
| 2 | Participant | Apr 2021 | ||
| 2 | Lead | Apr 2021 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Lead | Mar 2022 | ||
| 1 | Lead | Mar 2022 | ||
This data is available for Pro users. Sign up to see all 9 Sayurbox investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSayurbox Competitors
Sayurbox competitors include listed companies like Dingdong (Cayman), Alibaba Group, Carvana and Shein, and private ones like Hungryroot and Kavak.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $175M | - | $750M | 4.3x | ||
| Publicly listed | $3.6B | $34M | $485M | 0.1x | ||
| Publicly listed | $153B | $15B | $266B | 1.6x | ||
| Publicly listed | $20B | ($110M) | $72B | 2.9x | ||
| Publicly listed | $42B | $2.3B | $21B | - | ||
| Private | $750M | - | $8.7B | 11.6x |
Sayurbox Public Comps
Sayurbox is still privately-owned, but its public comps include Amazon, Tencent, Alibaba Group, Pinduoduo, MercadoLibre, Carvana, Sea, JD.com, Coupang and LY Corporation.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $112B | $51B | 4.5x | 4.2x | 9.9x | 9.9x | |||
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
| $64B | $14B | 0.7x | 0.7x | 3.1x | 2.8x | |||
| $29B | $3.7B | 3.5x | 2.6x | 27.2x | 25.1x | |||
| $20B | ($110M) | 3.7x | 2.9x | (691.4x) | 27.7x | |||
| $23B | $2.4B | 2.5x | 2.0x | 24.3x | 16.5x | |||
| $195B | $4.3B | 0.1x | 0.1x | 6.7x | 6.7x | |||
This data is available for Pro users. Sign up to see all Sayurbox competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sayurbox
| When was Sayurbox founded? | Sayurbox was founded in 2016. |
| Where is Sayurbox headquartered? | Sayurbox is headquartered in Jakarta, Indonesia. |
| Is Sayurbox publicly listed? | No, Sayurbox is a private, VC-backed company. |
| How much funding has Sayurbox raised? | Sayurbox has raised $139M across 4 funding rounds. |
| What was Sayurbox's last funding round? | Sayurbox's last funding round was a $119M Series C in March 2022, led by Alpha JWC Ventures and Northstar Group. |
| Who are Sayurbox's investors? | Sayurbox's investors include Ondine Capital, Global Brain Corporation, Astra International, Syngenta Ventures, BRI Ventures, Alpha JWC Ventures, Northstar Group, Astra Digital and International Finance Corporation. |
| Which companies are comparable to Sayurbox? | Companies comparable to Sayurbox include Hungryroot, Dingdong (Cayman), Alibaba Group, Carvana, Shein and Kavak. |
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