Venturra Capital leads Series A investment in Indonesian online beauty platform Sociolla

Visual from Sociolla website.

Indonesia-based cosmetics and beauty e-commerce engine Sociolla has secured an undisclosed series A investment from Venturra Capitalled consortium.

Venturra Capital said, East Ventures  too had participated in the investment round.

When DEALSTREETASIA asked about the funding details, Sociolla CEO John Rasjid declined to disclose the amount. “As for the figures for the investment, we decided not to disclose,” he said.

Sociolla was established in March this year by John Rasjid and co-founders Christopher Madiam and Chrisanti Indiana.

Less than two weeks back, Venturra Capital announced its investment in Hong Kong-based Prenetics, a personalised & precision medicine life sciences company.

The Sociolla deal marks the fund’s second known investment since its launch last month.

Sociolla currently has 140 brands available on offer. Visitors can shop by brand or by department, under the categories of makeup, skincare, haircare, nails, bath and body, accessories, fragrances, and gifts.

Socialla competes with Luxola Indonesia, which currently has traffic of around 50,000 a month. Socialla already attracts a traffic of 25,000.

The newly-established e-commerce site has 19,700 Instagram followers compared to Luxola’s 16,300.

Venturra, Indonesia’s brand new venture capital firm sponsored by conglomerate Lippo Group, has launched its $150-million Venturra Fund I to nurture technology and Internet businesses in South-east Asia.

As per its investment thesis, Venturra Capital will prioritise Indonesia and Southeast Asia and will invest in technology companies in the early growth stage. It will look at technology-based companies in the consumer needs, e-commerce, financial services, health care, and education sectors.

Also Read: Lippo Group-backed Venturra Capital launches $150m VC fund; to invest in tech, internet firms in SE Asia

Indonesia health service startup Konsula gets seed funding from East Ventures

Indonesia: Venturra Capital invests in HK precision medicine firm Prenetics

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.