Indonesia’s Social Bella, known for its e-commerce brand Sociolla, is in talks to raise up to $150 million in a funding round that could value the omnichannel retailer of beauty products at over $1 billion, according to sources privy to the matter.
DealStreetAsia has learnt that the company has roped in at least three new global investors — a private equity firm, a sovereign wealth fund, and a growth fund. The sources declined to disclose the names of the investors. All its existing investors, including PE firm L Catterton, Singapore’s Temasek, EV Growth and Jungle Ventures, among others, are also learnt to be participating in this round, which is expected to close in the next couple of weeks.
