The Sinar Mas and Yahoo Japan-backed EV Growth led the beauty e-commerce platform's latest round, which included existing backer iStyle.
Indonesia-based cosmetics e-commerce platform Sociolla has raised $12m in a funding round led by corporate-backed investment venture EV Growth, Tech in Asia has reported.
EV Growth, formed by diversified conglomerate Sinar Mas, internet company Yahoo Japan and venture capital firm East Ventures, was joined by fashion e-commerce company iStyle and an undisclosed institutional investor.
Sociolla runs an online marketplace for cosmetics and beauty products such as make up, fragrances, skincare and haircare brands. The funding will support marketing for the…
