Dropezy Secures 35.5 Billion Rupiah Series A Funding, Offering Quick Commerce Solution
This round was led by Forge Ventures with the participation of Tekton Ventures, Next Billion Ventures, Nordstar, and angel investors
Online grocery startup Dropezy announced a pre-series A funding of $2.5 million (approximately 35.5 billion Rupiah). This round was led by Forge Ventures with participation from Tekton Ventures, Next Billion Ventures, Nordstar, and a range of angel investors, including the founders of Kopi Kenangan and BukuKas.
Through this round, Dropezy will launch its newest expansion solution “quick commerce” which offers instant delivery within 20 minutes. The company will expand its micro fulfillment center (cloud store) to a dozen at various points throughout the Greater Jakarta.
Dropezy's Co-founder & COO, Nitesh Chellaram said in an official statement, the ongoing pandemic is changing the way consumers shop for daily necessities to online platforms. However, existing online grocery services focus on circling the existing offline supply chain or minimizing costs.
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