1. Startup

Evermos Announces Over 427 Billion Rupiah Series B Funding, Social Commerce Is in Its Peak

This round was led by UOB Venture Management with the participation of MDI Ventures, Telkomsel Mitra Innovation, Future Shape, Jungle Ventures and Shunwei Capital.

Social commerce startup Evermos has announced its series B funding of $30 million or the equivalent of 427.3 billion Rupiah. This round was led by UOB Venture Management through the Asia Impact Investment Fund II. Several other investors involved include MDI Ventures, Telkomsel Mitra Innovation, Future Shape, and supported by previous investors, including Jungle Ventures and Shunwei Capital.

The fresh funds will be used to strengthen the leadership team, expand and develop technology. We previously reported the Evermos series B round since August 2021, including the participation of 2 Telkom Group's CVCs.

"Our vision is to empower one million micro-entrepreneurs in the next five years. One of the main factors influencing the way we do business is by measuring the sustainability and social impact of our platform," Evermos' Co-Founder & President, Arip Tirta said.

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