MNC Media and Sinar Mas-backed fashion e-commerce company Sorabel has run out of cash having already shut down its Philippines-based subsidiary.
Sorabel, an Indonesia-based fashion e-commerce company backed by corporates MNC Media and Sinar Mas, is to shut down after its operations succumbed to the Covid-19 pandemic, E27 has reported.
The company’s assets will be dispersed following liquidation and its employees terminated on July 30.
Founded in 2014 as Sale Stock, Sorabel was an online fashion portal catered to young female consumers in Southeast Asia with an automated chatbot assistant that suggested products to fit the user’s fashion taste.
Sorabel laid…
