Ex-Tokopedia AVP’s Astro attracts US$4.5M to expand ’15-min e-commerce delivery’ service in Jakarta
Astro, a quick commerce startup in Indonesia, has received a US$4.5 million (IDR 64 billion) seed funding.
Investors are Global Founders Capital, AC Ventures, Lightspeed Venture Partners, and Goodwater Capital.
The startup will use the funds to build and strengthen the technology and operations teams and expand into new areas in Jakarta.
Launched in September 2021 by Vincent Tjendra, former associate VP at Tokopedia, Astro offers more than 1,000 products ranging from daily necessities (snacks, fresh fruit, and vegetables) to emergency over-the-counter medicines. The firm claims it does the product delivery in 15 minutes and operates 24×7.
Currently, Astro has serves customers in Senayan, Permata Hijau, Gandaria, Kuningan, SCBD, Kemang, Cilandak, Cipete, Puri Indah, Kebon Jeruk, Kelapa Gading, and PIK (Pantai Indah Kapuk) areas.
The e-commerce startup will expand in the Jakarta area (and parts of Greater Jakarta) by December 2021.
“Astro’s quick commerce service will fundamentally change the way millions of Indonesian consumers buy their basic daily needs, electronics, snacks and pet food,” said Melvin Hade, partner at Global Founders Capital.
Indonesia is in the first place as the country with the most active online shopping population, which continues to grow amid the COVID-19 pandemic. As much as 87.1 per cent of internet users in Indonesia use online shopping services to buy certain products, including food and daily necessities.
Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.
Image Credit: Astro
The post Ex-Tokopedia AVP’s Astro attracts US$4.5M to expand ’15-min e-commerce delivery’ service in Jakarta appeared first on e27.
,Ex-Tokopedia AVP’s Astro attracts US$4.5M to expand ’15-min e-commerce delivery’ service in Jakarta | e27
Please verify your address () — click the link in your verification email. RESEND EMAIL.