Sinar Mas Digital Ventures Archive

Southeast Asia e-grocer HappyFresh exits two markets, raises undisclosed Series B

Grocery on-demand service HappyFresh has delivered a mixed bag of news today. The company has withdrawn from two markets in Asia and announced an undisclosed Series B funding round as it aims to become a sustainable business . The company launched 18 months ago to become the first service of its type — the Instacart model from the U.S. — in Southeast Asia. It raised a $12 million Series A …