Announced
Financials
Sources
Tags
food delivery platform
Private
Indonesia
food ordering services
Majority
Acquisition
Single Bidder
food delivery services
Domestic
Pending
E-commerce
Friendly
Synopsis
SiCepat Ekspres, a last-mile delivery startup, agreed to acquire a 51% stake in DigiResto, a food ordering platform. Financial terms were not disclosed. "Through this investment, SiCepat wants to increase the adoption an"d improvement of Digiresto's services, so that we can grow our revenue streams by targeting the food service market revenue potential which is estimated to reach $2bn by 2020," Kim Hai, SiCepat Ekspres CEO.
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