Weekly roundup: Indonesia’s Desty bags $5m and other SE Asia deals

Desty, a Jakarta-based social commerce enabler, has secured $5 million in an extended pre-Series A round led by East Ventures with participation from Jungle Ventures, the company said in a statement on Friday.

Existing investors such as Fosun RZ and January Capital re-upped in this round in a bid to strengthen the company’s balance sheet and accelerate its product development and merchant acquisition. Desty also plans to launch new products in the coming months.

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