Indonesian beauty startup Sociolla's losses zoom 130% in 2021 on rising expenses

Indonesian beauty startup Sociolla's losses zoom 130% in 2021 on rising expenses

Sociolla

Indonesian beauty tech startup Social Bella International, which operates the e-commerce brand Sociolla, saw net losses shoot up by 130% for the financial year ended Dec 31, 2021, amid rising costs and operating expenses, according to recent regulatory filings.

However, its gross profit jumped 30% to $21.22 million in 2021 as revenue surged 44% to $62.76 million.

Edited by: Joymitra Rai

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