# SuperApp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/superapp

- Industry: Retail
- Headquarters: Surabaya, Indonesia
- Website: https://superapp.id/
- Total disclosed funding: $105M
- Latest round: Series C (Jun 2, 2022)
- Investors on record: 10

## About

Based in Surabaya, Indonesia, SuperApp is a mobile application that enhances consumer shopping experiences by integrating ordering and delivery services for grocery items.SuperApp operates as a mobile application that streamlines grocery shopping for consumers. Founded in 2016 in Surabaya, Indonesia, the company has completed 5 deals. It recently raised USD 70.00 mn in its Series C funding round, led by New Enterprise Associates, with participation from investors such as Amasia, B Capital Group, DST Global, Gold House Ventures, Insignia Ventures Partners, and SBVA, TNB Aura. The company was founded by Carolin Rukschcio, Debeasinta B, Gabriela Calil, Nischal Jain, Steven Wongsoredjo, and Vincent Bouvier, and is currently led by CEO Matthew Tirtamarta and Sergio Ruggiero.SuperApp, developed by PT Krakatau Karya Abadi, is designed to enhance the consumer shopping experience through a streamlined platform that integrates ordering and delivery services. Core offerings include a comprehensive shopping experience that allows users to place orders for various grocery items, delivered directly to their specified locations. The service addresses convenience and accessibility challenges in grocery shopping, particularly in East Java and Makassar. Notable features include a loyalty program for accumulating points that can be redeemed for promotional offers, and access to flash sales and discounts. SuperApp serves a diverse clientele, including everyday consumers and small business owners seeking efficient shopping solutions.SuperApp generates revenue primarily through transactions facilitated on its platform, where consumers place orders for products and services that are delivered to their homes. The business model includes both direct-to-consumer sales and partnerships with local retailers or wholesalers. Users benefit from promotional offers, like a referral bonus that provides new users with a balance upon registration, encouraging initial transactions. The platform's focus on rapid delivery and competitive grocery pricing positions it favorably within its target markets, with revenue supported by transaction volumes from promotional events and loyalty incentives that enhance consumer engagement and retention.SuperApp aims to expand its offerings by developing new products designed to enhance user engagement and shopping convenience. Plans include entering new geographic markets, with a focus on scaling operations in other regions of Indonesia. Recent funding of USD 70.00 mn will be utilized to support these expansions and product developments, enhancing the overall user experience and market reach.

## Funding rounds

- Series C, Jun 2, 2022, $70M — New Enterprise Associates, DST Global, SBVA, Amasia, B Capital, Insignia Ventures Partners, TNB Aura, Gold House Ventures
- Series B, Apr 28, 2021, $28M — DST Global, Y Combinator, SBVA, Amasia, Insignia Ventures Partners, TNB Aura
- Series A, Oct 5, 2018, $7M — Y Combinator, Amasia, Alpha JWC Ventures, B Capital, Insignia Ventures Partners

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A, Series B
- Amasia (https://capitalatlas.ai/funds/amasia) — Series A, Series B, Series C
- Alpha JWC Ventures (https://capitalatlas.ai/funds/alpha-jwc-ventures) — Series A
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series A, Series C
- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Series A, Series B, Series C
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series B, Series C
- SBVA (https://capitalatlas.ai/funds/sbva) — Series B, Series C
- TNB Aura (https://capitalatlas.ai/funds/tnb-aura) — Series B, Series C
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series C
- Gold House Ventures (https://capitalatlas.ai/funds/gold-house-ventures) — Series C