Warung

NEA leads $70 M USD Series C round in Indonesian Social Commerce Platform, Super

Retrieved on: 
Thursday, June 2, 2022
Goldhouse, World, Warung, Meta, Income, Business development, NEA, CEO, SoftBank Group, Data collection, City, Multimedia, Machine learning, World Bank, Quality of life, Forbes, FMCG, Engineering, Y Combinator, View, GDP, Bank, Online shopping, Cable television, Super, Boston Celtics

The start-up has raised US$106 million to date, making Super the most funded Indonesian social commerce company to date.

Key Points: 
  • The start-up has raised US$106 million to date, making Super the most funded Indonesian social commerce company to date.
  • Founded in 2018, Super leverages a hyperlocal logistics platform to deliver consumer goods to thousands of agents within 24 hours of the order time.
  • Super is a leading social commerce application in Indonesia for 2nd tier, 3rd tier cities, and rural areas.
  • Super enables community leaders to become retailers within their communities in tier 2, tier 3 cities, and rural Indonesia.

Grab Reports Second Quarter 2021 Results

Retrieved on: 
Monday, September 13, 2021
Data Management, Technology, Other Technology, Mobile, Wireless, Software, Internet, Vaccination, LP, Yoy, Xi, Solution, Vii, Telecommunication, Adjustment, U.S. Securities and Exchange Commission, Awareness, Forward-looking statement, Driver, CFO, Depreciation, Advertising, Growth, COVID-19, Farmer, Form, Movement, Investment, Insurance, Warung, EBITDA, Entrepreneurship, Form F-4, City, GHL, Telehealth, Elang Mahkota Teknologi, AGC, Date-time group, Income, Technology, Economics, OVO, GMV, IFRS, Food, Financial services, Review, Partnership, Loss, Altimeter, Aquaculture, Pharmaceutical industry, Online shopping, Lithium, Mobile phone, Real estate, Animal, Cryptocurrency, Risk management, Bookkeeping, Audit, Grab, Altimeter, Grab, ALTIMETER

Grab also plans to launch 10 new GrabKitchens in the second half of 2021, and is piloting new dine-in solutions such as Scan to Order that allow dine-in users to browse the menu, place their orders and pay through the Grab app.

Key Points: 
  • Grab also plans to launch 10 new GrabKitchens in the second half of 2021, and is piloting new dine-in solutions such as Scan to Order that allow dine-in users to browse the menu, place their orders and pay through the Grab app.
  • Grab saw strong growth in mobility in Q2 2021, generating GMV of $685 million, an improvement of 93% compared to Q2 2020.
  • As of August 2021, vaccination rates for active Grab driver-partners3 in Cambodia, Indonesia, Malaysia, Philippines, Singapore and Vietnam are higher than national vaccination rates4.
  • Grab is monitoring the impact on its business and currently expects:
    Grabs senior management team including Anthony Tan, Group CEO and Co-Founder, Ming Maa, President, and Peter Oey, CFO, will host an investor webcast via Zoom to present its second quarter 2021 financial results and business updates.