HappyFresh, an Indonesian grocery app led by Naver Financial

an on-demand grocery app in Indonesia. It announced today that it has raised $65 million in Series D funding, led by Naver Financial Corporation and Gafina BV, with participation from STIC, LB and Mirae Asset Indonesia and Singapore, as well as returning investors Mirae-Asset Naver. Asia Growth Fund and Z Venture Capital

The company's previous funding round was a $20 million Series C announced in April 2019.slotxo

Founded in 2014, HappyFresh is Southeast Asia's first Instacart-style grocery delivery service. It expanded into five markets before closing in Taiwan and the Philippines in 2016, and continues to operate in Indonesia, Malaysia and Thailand.

In a press release, HappyFresh said it had "experienced unprecedented growth" over the past 18 months. as customers turn to grocery delivery services during the pandemic with a 10x to 20x increase in traffic in three countries.