RedMart, an online grocery startup based in Singapore, has raised $23 million in Series B funding led by Garena, with participation from Facebook co-founder Eduardo Saverin and new investors SoftBank Ventures and Visionnaire Ventures. The fresh capital will be used to build operational capacity to support future growth and expand the company's product range to include fresh food. RedMart has now raised about $27 million in equity, with its Series A round coming in at just over $1.6 million in July 2013. The online grocery retailer offers a wide range of products, with delivery available every day of the week; it also has the ability to let customers choose what time their order is delivered.
RedMart isn't the only online grocery company to grab funding lately. Others include China's fresh food delivery site Yummy77, which raised $20 million this past May, and Instacart, a U.S.-based grocery delivery platform that received $44 million in Series B funding last month.