Skip to content

HappyFresh Wins Funding, Revamps Board as Business Resumes

  • The startup is restarting operations in Indonesia on Wednesday
  • HappyFresh is considering options for Thailand and Malaysia
Updated on

HappyFresh has secured funding from investors to resume online grocery operations in Indonesia, staving off a potential cash crunch fomented by the regional economic slowdown.

The Instacart-style grocery delivery service said it’s restarting operations in its home market on Wednesday, after a strategic review. It will work with venture debt funds Genesis, Innoven and Mars on restructuring the business, HappyFresh said in a statement.