Indonesia's leading social commerce startup, Evermos, secures US$8.25m in Series A funding

JAKARTA, Indonesia, Jan. 10, 2020 /PRNewswire/ -- Evermos, a social commerce company focusing on enabling resellers sell everyday products which are Halal/Sharia compliant across Indonesia, announced it recent Series A funding of US$8.25 million from Jungle Ventures, Shunwei Capital, and Alpha JWC Ventures.

Based in Bandung, West Java, Evermos had launched its platform only nine months ago. It has since then rapidly grown into a network of over 20,000 paid resellers across every single province throughout Indonesia, marketing thousands of local products from hundreds of local brands.

Evermos closed a total of US$8.25 million in an oversubscribed Series A funding round, led by Jungle Ventures with participation from Shunwei Capital as well as existing investor Alpha JWC Ventures. The company plans to use the funds to expand its presence in the digital Islamic Economy ecosystem, accelerate the growth by focusing on further collaborations with local brands and organizations, and build and support a vast online reseller network.