E-Commerce

$39M for Evermos to keep it halal in Indonesia’s lower-tier cities

May 30, 2023
The Evermos team. Image from Evermos

It’s time to shop with Evermos! This Indonesian startup helps local MSMEs scale while providing local resellers a chance to earn a profit through social commerce. 

  • They’re Indonesia’s largest social commerce platform, with more than 160,000 active resellers using their app. 
  • Launched in 2018, the company focuses on selling halal fashion and F&B goods. 

They just raised $39M in a Series C!

Investor check. The funding round was led by the International Finance Corporation, a member of the World Bank. Jungle Ventures, Shunwei Capital, UOB Venture, Telkomsel Mitra Inovasi, and other investors joined in!

🛒 The ABCs of Evermos

Growing your own brand in Indonesia is tough. It takes a huge amount of effort and $$$ to reach markets across major islands and key cities. Evermos manages a reseller network that can bring your product across the country easily.

Resellers can start their e-commerce biz on the platform without costly investments. 

  • They can sell over 80,000 products from 1,600 different brands. 
  • Evermos also offers free business sessions to improve their business acumen. Oh, and they also handle product packing and delivery!

🤔 What the future holds? 

Evermos will use the $$$ to expand their operations and improve their AI-powered tech. 

  • They’re extending their reseller network to Sumatra to capture markets in Tier 2 and 3 cities.

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