Indonesian wholesome meals startup Lemonilo raises donations and different companies in Southeast Asia
Lemonilo, a Jakarta-based health food brand, has announced that it will raise an undisclosed amount in its Series B funding round led by Sequoia Capital India.
The startup, founded in 2016 by Shinta Nurfauzia (Co-CEO), Ronald Wijaya (Co-CEO) and Johannes Ardiant, said it will use the new funds to expand and strengthen its product distribution network in Indonesia.
Since its inception, Lemonilo has brought more than 40 healthy products to market, including instant noodles, snacks, and other key ingredients. The flagship is the instant noodle made from cassava flour and spinach puree.
The startup raised an undisclosed start-up round at early-stage venture capitalist East Ventures and also raised funds from Alpha JWC Ventures and Unifam Capital in 2020.
Lemonilo plans to introduce additional consumer products for both the online and offline markets.
SOUTHEAST ASIA DEAL MONITOR
DealStreetAsia has also put together a table listing the top venture capital transactions in Southeast Asia for the week starting May 24th.