Indonesian e-grocery company, Sayurbox, has shut down two warehouses in Indonesia, according to media reports. MARKETING-INTERACTIVE has reached out for a statement. The moves comes after Sayurbox reported laid off 5% of its staff in December last year, as reported by Deal Street Asia.
Surprisingly however, the move comes after the firm raising over US$120 million in its series C funding round, which was led by Northstar and Alpha JWC Ventures in March last year.
Don't miss: Indonesian online grocery platform Bananas stops ops
This is not the first e-grocery firm in Indonesia to fall into such woes. Founded in 2021 Bananas also shut its operations. On Instagram, the company revealed its decision two days ago informing its followers that it will stop operating after clearing out its discounted products.
Another company in a similar space who recently faced operation woes was Happy Fresh who pue
HappyFresh has shut its operations in Malaysia and Thailand after seven years.
On Facebook, HappyFresh said that due to the current economic situation, it was "left with no choice but to cease operations [in Malaysia and Thailand], effective immediately". As for its Indonesia operations, HappyFresh recently secured fresh funds from investors to resume its online grocery operations in the market. According to the company, Indonesia is the largest and most profitable market among the three countries which HappyFresh operates in. Its Indonesia operations resumed with the tech division under the leadership of co-founder and CTO, Fajar Budiprasetyo.
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