fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Indonesia-based healthy lifestyle consumer goods company Lemonilo bags US$36 million in Series C round

AsiaTechDaily Writer by AsiaTechDaily Writer
15 December 2021
in Featured, Marketplaces & E-commerce
0
Lemonilo
34
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Indonesian brand that produces healthy consumer goods, Lemonilo has raised US$36 million in a Series C funding round led by Sofina, with participation from existing investor, Sequoia Capital India.

Lemonilo will be using the fresh funding to strengthen its product penetration internationally and local distribution.

“As a growth-stage company, we have proven that our business model works in Indonesia, so we are planning to bring our concept to other countries as well, starting with our neighbours. We are grateful for the continuous support and trust from Sequoia Capital India and excited to welcome Sofina as our newest investor. With Sofina’s expertise in working with established fast-moving consumer goods (FMCG) companies, we believe that Lemonilo can become one of the new faces of FMCG companies in Indonesia and beyond,” said Shinta Nurfauzia, Co-Chief Executive Officer of Lemonilo.

The company apart from developing business overseas will also work on the national market, Shinta added.

She hopes that this fresh funding will help Lemonilo to strengthen its distribution network throughout Indonesia so that its products can reach in every part of the country and at all levels of the societies.

Meanwhile, Ronald Wijaya, who jointly serves as the Co-Chief Executive Officer of Lemonilo, also said that Lemonilo will continue to have most of its focus on its core market while continuing to innovate new products.

“We believe more people want to be healthier, especially after COVID-19 hit our country. Therefore, through this funding, Lemonilo will continue to focus on the Indonesian market while innovating new products that Lemonilo has always stood for, products without preservatives colorings, or flavor enhancers. We hope we can have more Indonesians adopt a better lifestyle by providing them with our practical, delicious and affordable healthy products,” added Ronald.

About Lemonilo

Founded in 2016 by Ronald Wijaya, Shinta Nurfauzia, and Johannes Ardiant, Lemonilo is a healthy lifestyle ecosystem that offers a variety of natural and affordable products.

Each product developed by the company has three pillars- delicious, practical, and affordable that are made from selected ingredients that are free of preservatives, flavor enhancers, and food coloring. This is in accordance with company’s mission to provide Indonesians with access to a healthier lifestyle. The company has launched over 40 types of products, ranging from spices, snacks, to instant noodles. It sells all these products on its digital platform and are also available at over 200,000 POS in Indonesia.

Tags: digital platformFMCGhealthy lifestyle
Previous Post

Indonesia’s InsurTech startup Fuse secures US$25 million to pursue its expansion plans in Southeast Asia.

Next Post

Singapore-based social commerce platform abillion raises US$10 million in Series A funding

Related Posts

edit post
Holmusk
Featured

Healthtech startup Holmusk raises $45m to continue rapid expansion

January 23, 2023
edit post
Jumppoint
Featured

Hong Kong-based logistics platform for e-commerce merchants Jumppoint raises $6.5m in series A

January 16, 2023
edit post
Flik
Featured

Indonesian startup Flik scores $1.1m in East Ventures-led funding round

January 10, 2023
edit post
Alterpacks
Featured

Alterpacks’ commercialization drive gets boost with $1m funding

January 5, 2023
edit post
HD
Featured

Thai healthcare, surgery marketplace HD raises $6m in funding

January 4, 2023
edit post
SeaVantage
Featured

S Korean startup SeaVantage raises $1.3m to expand ocean visibility platform

January 4, 2023
Next Post
edit post
abillion

Singapore-based social commerce platform abillion raises US$10 million in Series A funding

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback