Legit Group to Expand FnB Business with Latest Funding

By Editorial Team 12/04/2023
Legit Group
Summary

Legit Group completed a US$13.7 million Series A funding round from investors led by MDI Ventures with participation from Sinar Mas Digital Ventures (SMDV), East Ventures, and Winter Capital. Legit Group Chairman Bram Hendrata said these funds would bring more food to various places while continuing to innovate and improve technology to achieve a more efficient operating system.

In 2021, Legit Group secured US$3 million in seed funding from East Ventures and AC Ventures. "We are excited to have a strong group of investors to support us in creating a brand that carries the vision of food for everyone," Bram said on Tuesday.

MDI Ventures Chief Executive Officer Donald Wihardja said the founders' experience of Legit Group in the food and beverage world for 15 years and their ability to develop innovative and effective products and marketing strategies would strengthen this startup's position.

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