Northstar and Alpha JWC led a $120m Series C funding round in Sayurbox.

Northstar, a private equity firm, and Alpha JWC, a venture capital firm, led a $120m Series C funding round in Sayurbox, a developer of an agricultural produce distribution platform, with participation from International Finance, Astra, Syngenta Group Ventures and Global Brain. Sayurbox currently serves around 1m customers in the Greater Jakarta, Surabaya, and Bali areas, while working with more than 10k farmers nationwide. It has also built a network of microfulfillment hubs to support its quick commerce service Sayurkilat. The e-grocery firm plans to use the new funding to accelerate growth in existing markets, expand to new cities, and strengthen its supply chain.