L Catterton invests in Indonesian beauty tech platform Social Bella

Photo: Pixabay

Indonesian beauty and personal care e-commerce company Social Bella International (Sociolla) has raised Rp 818 billion ($56.6 million) in fresh funding led by consumer-focused private equity firm L Catterton, according to an announcement on Wednesday.

The deal marks L Catterton’s first investment in Indonesia — Southeast Asia’s largest economy. The private equity major will join Social Bella’s board, according to the statement.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter