Go-Ventures led a $16m Series A round in Segari.

Go-Ventures, a venture capital firm, led a $16m Series A round in Segari, a grocery social commerce startup, with participation from Susquehanna International Group, Alfamart, Gunung Sewu Group, Intrinity Capital, Beenext, AC Ventures, and Saison Capital. “The current COVID-19 pandemic has been a tremendous catalyst for growth for the Indonesian e-grocery market. Yosua, Farand, and Farandy have demonstrated outstanding execution to grow not only very quickly, but also maintain best-in-class unit economics over the last year. They are well-positioned to continue solving one of Indonesia’s most pressing problems—the complex, multilayered agriculture supply chain,” Aditya Kamath, Go-Ventures partner.