The conglomerate's corporate venturing unit led the round for Orami, the company formed by the merger of female-focused fashion retail sites Moxy and Bilna last month.
Indonesia-based women’s online shopping site Orami has closed a $15m round led by SMDV, the corporate venturing subsidiary of conglomerate Sinar Mas, TechCrunch reported on Tuesday.
The round also featured Gobi Partners, Ardent Capital and Velos Partners, the venture capital firm founded by Facebook co-founder Eduardo Saverin.
Orami formed following the merger last month of Moxy and Bilna, two e-commerce platforms targeting women in Southeast Asia.
The funding will be used to expand the product range, grow its 40-strong technology…
