Fosun RZ Capital returned to reinvest in e-commerce software provider Desty through a $5m series A round while inventory management software developer Smart Shopping boosted its total funding to $14m.

Funding

Indonesia-based e-commerce software developer Desty has raised $5m in series A funding from investors including Fosun RZ Capital, a corporate venturing subsidiary of diversified conglomerate Fosun, e27 reported today. Venture capital firm East Ventures led the round, investing through its growth fund, while Jungle Ventures and January Capital also participated. Destyhad previously closed a $3.2m pre-series A round in July this year led by 5Y Capital and backed by Fosun RZ Capital, East Ventures, January Capital and InCapital.

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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