China-based VC firm Gobi Partners and Singapore-headquartered Golden Equator have co-led a $27 million Series B+ funding round in Indonesian fashion e-commerce platform SaleStock. Alpha JWC Ventures, Convergence Ventures, KIP, MNC and SMDV also participated in the round.
The round in SaleStock marks the first investment from Gobi Partners’ $200-million Meranti ASEAN Growth Fund. The early stage venture capital firm on Wednesday announced the first close of the fund at $50 million.
