Chilibeli, a Jakarta, Indonesia, community-based social commerce platform that connects farmers and suppliers to bring fresh and quality products to households, raised $10m in funding.
The round was led by Lightspeed Ventures with participation from Golden Gate Venture, Sequoia Surge, Kinesys Group, and Alto Partners.
The company intends to use the funds to strengthen Jakarta, Tangerang Selatan, and Depok’s networks of communities, expand its reach to Bogor and Bekasi, improve the UI and UX of its application, as well as advance the facility of the Depok’s warehouse.
Launched in July 2019 by co-founders Alex Feng, Damon Yue, and Matt Li, Chilibeli provides a community-based social commerce platform that connects farmers and manufacturers to bring fresh and quality products to households. The platform enables their agents (mitra), many of whom are housewives, with the opportunity to create value for consumers, promote community bonding, and increase their household income. Since its inception, the company has created 300+ direct jobs and thousands of indirect jobs for Mitra Chilibeli in Indonesia.
FinSMEs
19/03/2020