A drought in global venture capital activity has not deterred startups across Asia from breaking new ground. This year’s Forbes Asia 100 to Watch list spotlights small companies and startups across the region that are targeting underserved markets or applying new technologies.
JAKARTA, Indonesia, June 20, 2022 /PRNewswire/ 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. The company currently operates more than 150 outlets - making it one of Indonesia's largest F&B operators. 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 was founded with the goal to disrupt the F&B industry in Indonesia with various practical comfort food dishes. We are grateful for all investors supporting us to achiev