Meet Indonesia's Super! While they're a social commerce startup focused on small towns and rural areas, what they've achieved is far from small. Now, they've just raised a $70M Series C!
Who cashed in? New Enterprise Associates (NEA) led the round. SoftBank Ventures Asia, DST Global Partners, B Capital, Insignia Ventures Partners, Amasia, TNB Aura and Goldhouse.
🤯 Small towns, big problems
While GDP per capita in small towns and rural areas is 3–5 times lower than in the capital city, goods can cost 20–200% more! Plus, orders can take ages, and items are often out-of-stock or unavailable. Why?
🛒 Your super local grocery
Want to order? Just head to their app! They sell at super low wholesale prices and deliver within 24 hours— what more can you ask for?
It takes a village. Super works with FMCG brands to source products. Through their warehouses and third-party logistics partners, group orders are sorted, picked up and delivered to their thousands of agents.
💰 What's with the $$$?
They'll be expanding operations to more areas! On the product side, they'll create more private-label brands (they currently have two) and launch cosmetics products, which are rising across Indonesia.
Techy talk. They'll be using machine learning to understand where which items sell best and optimize their inventory. Plus, they'll launch a feature for agents to track end-to-end transactions to help them create better customer experiences.
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