Pasarnow Is Reportedly to Receive 138 Billion Rupiah Funding, Led by East Ventures

Pasarnow online grocery is reportedly received follow-on funding of $9.5 million (over 138 billion Rupiah). According to a reliable source, the round has boosted the company’s valuation to $56 million.

Again, East Ventures led the latest round, supported by a number of investors such as January Capital and Skystar Capital. DailySocial.id tried to confirm the news, but until this news published, we haven’t heard any response from the company’s representative.

Last September, Pasarnow has received $3.3 million seed funding along with the pivotal effort of its social commerce platform under the brand “Jamannow”. In this round, apart from East Ventures, also participated SMDV, Skystar Capital, Amand Ventures, Prasetia Dwidharma, and others.

Pasarnow was founded in 2019 by James Rijanto, Donald Wono, and Cindy Ozzie. They are focused on simplifying the supply chain in the healthy grocery sector and offering quality fresh food products to customers through a multi-channel platform, enabling them to embrace both B2B and B2C sectors.

Each of these channels offers different prices, promotions and key features to meet specific customer needs. Pasarnow’s Co-founder and CEO, James Rijanto said food such as fruits, vegetables, and frozen meat are perishable, thus requiring fast delivery with well-controlled temperature control, and ultimately causing high logistics costs.

This is what Pasarnow currently focuses on. In the process, the operating system on the backend collects order history to generate market demand predictions, therefore, over 1,000 partner farmers and suppliers can better plan and optimize their harvest schedules.

Therefore, they can offer customers high quality and fresh ingredients at the best prices and minimize the amount of wasted fresh ingredients. To date, Pasarnow is available in Greater Jakarta and Bandung with more than 100 employees and 200 day laborers and driver partners.

Long list of online grocery startup funding

Throughout the pandemic, the online grocery business continued to reap high traction as it penetrates into daily necessities. The following is a list of funding that DailySocial.id has summarized throughout 2020 to date:

Period Startup Investment
March 2022 Sayurbox Series C
February 2022 Astro Series A
February 2022 Bananas Seed Funding
January 2022 KedaiSayur Bridge round
January 2022 JaPang Pre-Series A
November 2021 Astro Seed Funding
September 2021 Pasarnow Seed Funding
September 2021 Segari Series A
August 2021 Pasarnow Seed Funding
August 2021 Segari Series A
July 2021 HappyFresh Series D
April 2021 Sayurbox Series B
March 2021 Dropezy Seed Funding
March 2021 Segari Seed Funding
March 2021 Eden Farm Seed Funding
August 2020 Wahyoo (meluncurkan Langganan.co.id) Series A
July 2020 BorongBareng Pre-Series A
March 2020 Chilibeli Series A


Original article is in Indonesian, translated by Kristin Siagian

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Pasarnow Dikabarkan Raih Pendanaan 138 Miliar Rupiah, Kembali Dipimpin East Ventures

Startup online grocery Pasarnow dikabarkan memperoleh pendanaan lanjutan sebesar $9,5 juta (lebih dari 138 miliar Rupiah). Menurut sumber terpercaya yang kami terima, putaran tersebut melambungkan valuasi perusahaan ke angka $56 juta.

East Ventures kembali memimpin putaran teranyar tersebut, didukung sejumlah investor seperti January Capital dan Skystar Capital. DailySocial.id sempat mencoba meminta konfirmasi perihal kabar tersebut, namun belum menerima respons dari pihak hingga berita ini diturunkan.

Pada September tahun lalu, Pasarnow menerima pendanaan tahap awal senilai $3,3 juta bersamaan dengan upaya pivot dari platform social commerce dengan brand sebelumnya “Jamannow”. Pada putaran ini, selain East Ventures, terdapat SMDV, Skystar Capital, Amand Ventures, Prasetia Dwidharma, dan lainnya.

Pasarnow didirikan pada 2019 oleh James Rijanto, Donald Wono, dan Cindy Ozzie. Mereka memiliki fokus untuk menyederhanakan rantai pasok di sektor bahan makanan sehat dan menawarkan produk makanan segar berkualitas kepada pelanggan melalui platform multi-channel, sehingga memungkinkan mereka untuk merangkul ranah B2B dan B2C secara sekaligus.

Tiap channel ini menawarkan harga, promosi, dan fitur utama yang berbeda untuk memenuhi kebutuhan spesifik pelanggan. Co-founder dan CEO Pasarnow James Rijanto mengatakan, produk makanan seperti buah-buahan, sayuran, dan daging beku mudah rusak, sehingga membutuhkan pengiriman yang cepat dengan kontrol suhu yang terjaga, dan akhirnya menyebabkan tingginya biaya logistik.

Hal tersebutlah yang menjadi fokus Pasarnow. Dalam proses kerjanya, sistem operasi di backend mengumpulkan riwayat pesanan untuk menghasilkan prediksi permintaan pasar, sehingga lebih dari 1.000 mitra petani dan pemasok dapat merencanakan dan mengoptimalkan jadwal panen mereka dengan lebih baik.

Dengan begitu, mereka dapat menawarkan bahan makanan berkualitas tinggi dan segar dengan harga terbaik kepada pelanggan dan meminimalkan jumlah bahan segar yang terbuang. Saat ini, Pasarnow beroperasi di Jabodetabek dan Bandung dengan lebih dari 100 karyawan dan 200 pekerja harian dan mitra pengemudi.

Daftar pendanaan startup online grocery

Sepanjang pandemi, bisnis online grocery terus menuai traksi yang tinggi karena masuk ke dalam kebutuhan sehari-hari. Berikut daftar pendanaan yang DailySocial.id rangkum sepanjang 2020 hingga sekarang:

Periode Startup Investasi
Maret 2022 Sayurbox Seri C
Februari 2022 Astro Seri A
Februari 2022 Bananas Pendanaan Awal
Januari 2022 KedaiSayur Pendanaan bridge round
Januari 2022 JaPang Pra-Seri A
November 2021 Astro Pendanaan Awal
September 2021 Pasarnow Pendanaan Awal
September 2021 Segari Seri A
Agustus 2021 Pasarnow Pendanaan Awal
Agustus 2021 Segari Seri A
Juli 2021 HappyFresh Seri D
Apri 2021 Sayurbox Seri B
Maret 2021 Dropezy Pendanaan Awal
Maret 2021 Segari Pendanaan Awal
Maret 2021 Eden Farm Pendanaan Awal
Agustus 2020 Wahyoo (meluncurkan Langganan.co.id) Seri A
Juli 2020 BorongBareng Pra-Seri A
Maret 2020 Chilibeli Seri A
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From Social Commerce to Online Grocery, Pasarnow Scored 47 Billion Rupiah Seed Funding

Starting from a social commerce platform, startup Jamannow has established the online grocery service “Pasarnow”. This business model shifting (pivot) was welcomed by investors with the announcement of a seed funding of $3.3 million or equivalent to 47 billion Rupiah. This round was led by East Ventures with the participation of SMDV, Skystar Capital, Amand Ventures, Prasetia Dwidharma, and several angel investors.

The startup was founded in 2019 by James Rijanto, Donald Wono, and Cindy Ozzie. Its currently focus on simplifying the supply chain in the fresh grocery sector and offering quality fresh food products to customers through a multi-channel platform. The multi-channel approach allows them to embrace the B2B and B2C sectors at the same time. Each channel offers different prices, promotions, and key features to meet specific customer needs.

“Ensuring the freshness of products when they arrive at customers is a big challenge for businesses in the fresh food sector. Food products such as fruits, vegetables, and frozen meats are perishable, therefore, requiring fast delivery with well-controlled temperatures, and ultimately causing high logistics costs,” Pasarnow’s Co-founder & CEO, James Rijanto said.

“That’s why Pasarnow is investing heavily in technology and operational infrastructure to solve this problem. Moreover, Pasarnow’s multi-channel platform helps us achieve faster economies of scale and create greater efficiencies in our operations,” he added.

In the process, the operating system on the backend collects order history to generate market demand predictions, therefore, more than 1,000 partner farmers and suppliers can better plan and optimize their harvest schedules. That way, they can offer customers high quality and fresh ingredients at the best prices and minimize the amount of wasted fresh ingredients.

Currently, Pasarnow operates in Greater Jakarta and Bandung with more than 100 employees and 200 daily workers and driver partners.

Pasarnow will use the fresh funds to expand into new cities, recruit talent, improve its data and technology infrastructure and build micro warehouses, Frontline Mini Hubs (FMH). In order to complement the 10 hubs that are currently availbale across Jabodetabek, FMH will be built in densely populated areas and equipped with special storage devices for fresh and frozen foodstuffs.

Online grocery investment keeps pouring

On the same day (07/9), another online grocery startup, Segari, also announced funding in the Series A round, led by a venture arm owned by Gojek. This adds to the long list of startups in related fields receiving funding since the pandemic. Based on DailySocial.id’s data, since Q2 2020 [the early period of the pandemic] until now, there have been 10 investments, including:

Periode Startup Investasi
Agustus 2021 Pasarnow Pendanaan Awal
Agustus 2021 Segari Seri A
Juli 2021 HappyFresh Seri D
Apri 2021 Sayurbox Seri B
Maret 2021 Dropezy Pendanaan Awal
Maret 2021 Segari Pendanaan Awal
Maret 2021 Eden Farm Pendanaan Awal
Agustus 2020 Wahyoo (meluncurkan Langganan.co.id) Seri A
Juli 2020 BorongBareng Pra-Seri A
Maret 2020 Chilibeli Seri A

“Changes in consumer shopping behavior due to the pandemic pose new challenges in the grocery industry. Customers demand fresh and high-quality products every day amid complex grocery supply chains. Pasarnow is here to address these challenges by eliminating inefficiencies through a data-driven business model. With heavy growth since last year, we believe that the Pasarnow team can accelerate their operational capacity building and business development,” East Ventures’ Managing Partner, Willson Cuaca said.

It is said that the retail market value of foodstuffs in Indonesia was estimated to have reached $108 billion in 2019, but online grocery only contributed less than 1%. Under current conditions, the size of the online grocery market is expected to increase by around $13 billion by 2025.


Original article is in Indonesian, translated by Kristin Siagian

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Dari Social Commerce Menjadi Online Grocery, Pasarnow Bukukan Pendanaan Awal 47 Miliar Rupiah

Berawal dari platform social commerce, startup Jamannow kini mantapkan layanan online grocery “Pasarnow”. Peralihan model bisnis (pivot) ini disambut baik investor dengan diumumkannya pendanaan awal senilai $3,3 juta atau setara 47 miliar Rupiah. Putaran ini dipimpin East Ventures dengan partisipasi SMDV, Skystar Capital, Amand Ventures, Prasetia Dwidharma, dan beberapa angel investor.

Startup ini didirikan sejak tahun 2019 oleh James Rijanto, Donald Wono, dan Cindy Ozzie. Kini fokus utama mereka menyederhanakan rantai pasok di sektor bahan makanan segar dan menawarkan produk makanan segar berkualitas kepada pelanggan melalui platform multi-channel. Pendekatan multi-channel memungkinkan mereka merangkul sektor B2B dan B2C sekaligus. Setiap channel menawarkan harga, promosi, dan fitur utama yang berbeda untuk memenuhi kebutuhan spesifik pelanggan.

“Memastikan kesegaran produk saat sampai di pelanggan merupakan sebuah tantangan besar bagi pelaku bisnis di sektor bahan makanan segar. Produk makanan seperti buah-buahan, sayuran, dan daging beku mudah rusak, sehingga membutuhkan pengiriman yang cepat dengan kontrol suhu yang terjaga, dan akhirnya menyebabkan tingginya biaya logistik,” ujar Co-founder & CEO Pasarnow James Rijanto.

“Itu sebabnya Pasarnow banyak berinvestasi di teknologi dan infrastruktur operasional untuk memecahkan masalah ini. Selain itu, platform multi-channel Pasarnow membantu kami mencapai skala ekonomis yang lebih cepat dan menciptakan efisiensi yang lebih baik dalam operasional kami,” imbuhnya.

Dalam proses kerjanya, sistem operasi di backend mengumpulkan riwayat pesanan untuk menghasilkan prediksi permintaan pasar, sehingga lebih dari 1.000 mitra petani dan pemasok dapat merencanakan dan mengoptimalkan jadwal panen mereka dengan lebih baik. Dengan begitu, mereka dapat menawarkan bahan makanan berkualitas tinggi dan segar dengan harga terbaik kepada pelanggan dan meminimalkan jumlah bahan segar yang terbuang.

Saat ini Pasarnow beroperasi di Jabodetabek dan Bandung dengan lebih dari 100 karyawan dan 200 pekerja harian dan mitra pengemudi.

Dana segar yang didapat akan dimanfaatkan Pasarnow ekspansi ke kota-kotabaru, merekrut talenta, meningkatkan infrastruktur data dan teknologinya serta membangun gudang mikro, Frontline Mini Hubs (FMH). Untuk melengkapi 10 hub yang saat ini sudah tersebar di Jabodetabek, FMH akan dibangun di daerah padat penduduk dan dilengkapi dengan alat penyimpanan khusus bahan makanan segar dan beku.

Investasi startup online grocery terus mengalir

Di hari yang sama (07/9), startup online grocery lain yakni Segari juga mengumumkan pendanaan dalam putaran seri A. dipimpin lengan ventura milik Gojek. Ini menambah panjang daftar startup di bidang terkait yang mendapatkan pendanaan sejak masa pandemi. Dari catatan DailySocial.id, sejak Q2 2020 [masa awal pandemi] hingga sekarang, ada 10 investasi yang dibukukan, meliputi:

Periode Startup Investasi
Agustus 2021 Pasarnow Pendanaan Awal
Agustus 2021 Segari Seri A
Juli 2021 HappyFresh Seri D
Apri 2021 Sayurbox Seri B
Maret 2021 Dropezy Pendanaan Awal
Maret 2021 Segari Pendanaan Awal
Maret 2021 Eden Farm Pendanaan Awal
Agustus 2020 Wahyoo (meluncurkan Langganan.co.id) Seri A
Juli 2020 BorongBareng Pra-Seri A
Maret 2020 Chilibeli Seri A

“Perubahan perilaku belanja konsumen akibat pandemi memberikan tantangan baru di industri bahan makanan. Pelanggan menuntut produk segar dan berkualitas tinggi setiap hari di tengah rantai pasok bahan makanan yang kompleks. Pasarnow hadir untuk mengatasi tantangan tersebut dengan menghilangkan inefisiensi lewat model bisnis berbasis data. Dengan pertumbuhan yang kuat sejak tahun lalu, kami percaya bahwa tim Pasarnow dapat mempercepat peningkatan kapasitas operasional dan pengembangan bisnis mereka,” ujar Managing Partner East Ventures Willson Cuaca.

Turut disampaikan, nilai pasar ritel bahan makanan di Indonesia diperkirakan telah mencapai $108 miliar pada tahun 2019, namun online grocery baru berkontribusi kurang dari 1%. Dengan kondisi yang ada sekarang, ukuran pasar online grocery diperkirakan akan meningkat sekitar $13 miliar pada tahun 2025.

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