About Chilibeli
Chilibeli is a Retail company based in Jakarta (Indonesia) founded in 2019 by Matt Li, and was acquired by WEBUY in March 2022. Fruits and vegetables are traded via an online community platform. It operates in the Retail and Agriculture sectors. Chilibeli has raised $10 million across 2 funding rounds from investors including Lightspeed Venture Partners, WEBUY and Golden Gate Ventures. The company was acqui-hired. Its focus areas include Social Commerce, Community Based Shopping Platforms, Grocery and Agent Communities. Its legal entity is CHILIBELI PTE. LTD. Its competitors include Limakilo, Taniloka and Aglonera.
Company details
Chilibeli was founded in 2019 in Jakarta, Indonesia, as an online marketplace in the agricultural sector. Farmers, buyers, and agents are connected through the platform for trading fruits and vegetables. Doorstep delivery services are provided, along with a referral system where users invite others using codes to earn shopping vouchers. The mobile app is accessible on Android and iOS devices.
- Headquarters Jakarta, Indonesia
- Founders Matt Li
- Stage Acquired
- SectorsRetailAgriculture
- Website chilibeli.com
- Social LinkedIn X Facebook
- Acquired by WEBUY (Mar 2022)
- Legal Name Chilibeli Pte. Ltd.
- Total Equity Funding$10M (USD)
in 2 rounds
- Latest Funding Round$10M (USD), Series A
Mar 2020
- InvestorsLightspeed Venture Partners
& 5 more
- Acquired byWEBUY
(Mar 2022)
Funding Insights of Chilibeli
Chilibeli has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in March 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10M
- Total Rounds 2
- Last Round Series A — $10M
- Investors Count 5
All 2 funding rounds of Chilibeli with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2020 | $10M | Series A | – | Lightspeed Venture Partners | |
| Oct 2019 | Seed | – | Surge | – |
6 investors in total: 6 institutional.
Investors in Chilibeli
Chilibeli has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Lightspeed Venture Partners, WEBUY and Golden Gate Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Venture capital firm investing in Southeast Asian startups | goldengate.vc | Singapore, Singapore | ||
Acceleration is provided to startups across multiple sectors by Surge. | surgeahead.com | |||
Investment support is provided to early-stage tech startups. | 2019 | kinesysgroup.com | Jakarta, Indonesia | |
AltoPartners is recognized as a leading international alliance for executive search and leadership consulting. | 2006 | altopartners.com | ||
App-based platform offering group buying of multi-category products | 2018 | webuysg.com | Singapore, Singapore |
Investor details for Chilibeli
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Chilibeli
2 people are tracked at Chilibeli (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Matt Li | Co-Founder | Leadership |
Bugi Herlambang | Senior Warehouse Manager | Team |
Complete people profiles for Chilibeli
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Chilibeli
4 dated milestones of Chilibeli across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Chilibeli is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $10.0M.
- Exit Acquired by WEBUY.
Competitors of Chilibeli
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| limakilo.id | 2016 | Jakarta, Indonesia | Direct farm-to-home grocery sales are enabled through an online marketplace. | |||
| taniloka.id | 2017 | Surabaya, Indonesia | Online platform for agribusiness buying, selling, and promotions. | |||
| aglonera.com | 2017 | Bekasi, Indonesia | Aglonera is engaged in supplying high-quality agricultural commodities. |
Detailed competitors of Chilibeli
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Frequently Asked Questions about Chilibeli
Chilibeli was founded in 2019.
Chilibeli is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Chilibeli is a funded company, having raised a total of $10M across 2 funding rounds to date.
Chilibeli was founded in 2019 in Jakarta, Indonesia, as an online marketplace in the agricultural sector. Farmers, buyers, and agents are connected through the platform for trading fruits and vegetables. Doorstep delivery services are provided, along with a referral system where users invite others using codes to earn shopping vouchers. The mobile app is accessible on Android and iOS devices.
Chilibeli has 6 investors. Key investors include Lightspeed Venture Partners, WEBUY, Golden Gate Ventures, Surge, and Kinesys Group.
Chilibeli operates through Chilibeli Pte. Ltd..
Yes. Chilibeli was acquired by WEBUY in March 2022.