Indonesia-based multi-brand online restaurant chain, Dailybox Group has raised US$24 million in a Series B round led by Northstar Group and Vertex Growth.

The round was also participated by returning investors, Kinesys Group and Vertex Ventures Southeast Asia and India.

The freshly raised funds will be used to expand the company's business across Indonesia, add more food and beverage (F&B) brands and enhance their tech capabilities.

Dailybox co-founder Kelvin Subowo mentioned that their strategic expansion plan in non-metropolitan cities will also create job opportunities that will help propel the local economy while strengthening their presence nationally.

Background of Dailybox

• Dailybox was founded in Indonesia during 2018 with the goal to disrupt the F&B industry with various practical comfort food dishes.
• The company started as a rice box provider before moving to food delivery and cloud kitchen services.
• Dailybox has more than 150 outlets in at least 20 cities in Indonesia.
• Each of its outlet requires at least 10 operational staff.
• The company has a multi-brand online setup offering three food lineups: Dailybox for certified halal rice boxes, Shirato for sushi-burrito fusion, and Breadlife for baked goods.
• Dailybox Group recently launched DailySquad, a nationwide recruitment program to hire 1000 new employees, targeting professionals from all walks of life.