Evermos Books IDR 584 Billion in Funding, Strengthens Presence in Tier-2 and 3 Cities
IFC-led funding with support from Jungle Ventures, Shunwei Capital, UOB Venture Management, Telkomsel Innovation Partners and a number of other investors
After pocketing series B funding worth $30 million in 2021, startup social commerce Evermos has again completed series C funding worth $39 million or the equivalent of 584 billion Rupiah. This funding round was led by the International Finance Corporation (IFC).
Other investors involved include Jungle Ventures, Shunwei Capital, UOB Venture Management, and Telkomsel Innovation Partners. The funding round also includes new partner investors such as SWC Global, Endeavor Catalyst and Uni-President Asset Holdings.
Furthermore, Evermos will use fresh funds to strengthen the network reseller by deepening penetration in Java and expanding to Sumatra, in order to accelerate brand reach more cities tier 2 give tier 3.
Empowering the reseller
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