Indonesia's Beauty Ecommerce Site Sociolla Bags $40m in Series D

Sociolla

Social Bella, the operator of Indonesian beauty ecommerce platform Sociolla, has raised US$40 million in its a Series D funding round co-anchored by venture capital fund EV Growth and Singapore's Temasek Holdings.

The funding round, which brings the startup's total money raised to date to US$52 million, was also backed by Singapore's Jungle Ventures, US-based Pavilion Capital, and EDBI, the investment arm of Singapore's Economic Development Board.

Founded in 2015 as an ecommerce portal focused on beauty, Sociolla has grown beyond its core business and expanded into "beauty online experience" through its flagship publication Beauty Journal.

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