Indonesian online furniture startup Fabelio plans to close Series C round by Aug

Photo: Fabelio website

For online furniture e-commerce startup Fabelio, the home market of Indonesia is where it intends to deepen its  footprint. Riding on suitable demographics, the startup is looking at chasing an omnichannel strategy to mark its presence in every district of Indonesia.

Fabelio – which secured $6.5 million in its Series B funding led by Aavishkaar Frontier Fund – is also on the road to raise its Series C round to fuel these expansion plans.

In an interview with DEALSTREETASIA, co-founder Christian Sutardi said, Fabelio was targeting to close the round this August. He added, the startup is “very close to profitability.”

“This is supposed to be our last funding before going into profitability,” he says. As part of its long-term plan, Fabelio is also looking at a listing on the Indonesian markets in a couple of years from now.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.