What is Evermos?
Evermos operates as a social commerce platform in Indonesia, aiming to empower individuals to generate additional income by establishing online stores without requiring upfront capital. Concurrently, the startup facilitates the expansion of small brands into recognized household names. The company's strategic focus includes offering halal products and other items tailored to Muslim consumers, positioning it effectively within a significant demographic. Headquartered in Indonesia, Evermos is leveraging technology to bridge the gap between consumers and small businesses, fostering economic opportunities within the region.
How much funding has Evermos raised?
Evermos has raised a total of $72.6M across 3 funding rounds:
Series A
$3.6M
Series B
$30M
Series C
$39M
Series A (2019): $3.6M with participation from Jungle Ventures
Series B (2021): $30M led by MDI Ventures, IFC, and UOB Venture
Series C (2023): $39M supported by Endeavor Global, SWC Global, Jungle Ventures, Shunwei Capital, International Finance, and Uni-President Asset Holdings
Key Investors in Evermos
Endeavor Global
Endeavor Global is an organization that supports entrepreneurs with potential for economic and social impact, providing services to help ventures grow and create jobs.
Jungle Ventures
Jungle Ventures is a leading venture capital firm in Southeast Asia, focusing on early and growth-stage startups and aiming to build long-term partnerships with founders.
MDI Ventures
MDI Ventures is a global multi-stage venture capital firm investing in local founders and startups, particularly in Indonesia, with a focus on driving innovation and digital transformation.
What's next for Evermos?
The substantial enterprise-level funding, culminating in the recent Series C investment, positions Evermos for accelerated scaling and market penetration. This capital infusion is expected to fuel further development of its social commerce infrastructure, enhance its product offerings, and expand its reach across Indonesia and potentially into new markets. The strategic nature of the recent investment suggests a focus on strengthening partnerships and optimizing operational efficiencies to solidify its competitive advantage in the burgeoning social commerce landscape. Future growth will likely involve deepening its engagement with both sellers and brands, while continuing to cater to the specific needs of its target consumer base.
See full Evermos company page
