Indonesian social commerce startup Chilibeli in talks to raise $20m 

Indonesian social commerce startup Chilibeli in talks to raise $20m 

From left to right: Chilibeli co-founders Damon Yue, Alex Feng, and Matt Li. Source: Chilibeli.

Indonesian social commerce firm Chilibeli is in talks to raise around $20 million, its co-founder and chief executive Alex Feng told DealStreetAsia in an interview.

The startup has already received interest from several investors, including existing backers, and is looking to close the round in 2-3 months, added Feng.

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