Fresh Fund Keeps Dailybox's Kitchen Running

By Editorial Team 22/06/2022
food delivery business
Summary

Culinary startup Dailybox Group raised US$24 million in a Series B funding round, led by Northstar Group and Vertex Growth, with support from Vertex Ventures Southeast Asia and India and the existing Kinesys Group. Co-founder of Dailybox Kelvin Subowo said the funds would be used to expand the outlet network, increase innovation, and add new culinary brands.

"The funding round will build growth momentum in tier two and three cities. The strategic expansion plan in non-metropolitan cities will create many jobs," Kelvin said on Tuesday. Dailybox Group has operated in more than 150 locations spread across 20 cities. Kelvin claims Dailybox is the largest food and beverage operator in Indonesia.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.