The fashion-focused e-commerce and media brand raised $40m in a round that was led by corporate-backed existing investor EV Growth.
EV Growth, the joint venture between corporates Sinar Mas and Yahoo Japan and venture capital firm East Ventures, co-led a $40m series D round for Indonesia-based e-commerce company Sociolla yesterday.
The round was co-led by Singaporean state-owned investment firm Temasek and included its growth equity arm, Pavilion Capital, as well as Singaporean government agency EDBI and VC firm Jungle Ventures.
Sociolla’s core business revolves around its beauty e-commerce platform but has expanded to encompass a beauty-focused media offering in addition…
