Indonesian social commerce platform Super secures $70 million in funding
Super, an Indonesia-based social commerce platform has secured $70 million in its Series C funding round led by New Enterprise Associates (NEA) with participation from others. * The funds will be used to scale its distribution services, launch two new private labels, start an FMCG private label, and launch its cosmetics
Super, an Indonesia-based social commerce platform has secured $70 million in its Series C funding round led by New Enterprise Associates (NEA) with participation from others.
- The funds will be used to scale its distribution services, launch two new private labels, start an FMCG private label, and launch its cosmetics products.
- Super offers logistic services including 24-hour delivery and distribution of goods in over 30 communities in East Java and South Sulawesi.
- The firm has raised $106 million since it launched in 2018.
- Insignia Ventures Partners, SoftBank Ventures Asia, DST Global Partners, Amasia, B Capital, and TNB Aura among others participated in the round.
