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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