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Dailybox Group Announces Usd 24 Million In Series B Funding Led By Northstar Group And Vertex Growth

Jun 20, 2022•about 3 years ago

Amount Raised

$24 Million

Round Type

series b

Jakarta

Description

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.

Company Information

Company

Dailybox Group

Location

Jakarta, DKI Jakarta, Indonesia

About

The company currently operates more than 150 outlets – making it one of Indonesia's largest F&B operators. "Dailybox Group was founded with the goal to disrupt the F&B industry in Indonesia with various practical comfort food dishes. "Dailybox Group has developed the formula to bring the best of Indonesia's local cuisines to the wider consuming public from Sumatra to Papua. 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 is an example of a start-up that successfully balances growth and profitability.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech