What is Evermos?
Evermos operates as a social commerce platform based in Indonesia, aiming to empower individuals to generate additional income by establishing online stores without requiring upfront capital. Concurrently, the startup facilitates the growth of small brands, enabling them to achieve widespread recognition. The company places a strategic emphasis on offering halal products and a curated selection of items tailored to Muslim consumers, reflecting a deep understanding of its target demographic. This focus positions Evermos as a key player in a niche yet substantial market segment within Indonesia's digital economy.
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 UOB Venture, IFC, and MDI Ventures
Series C (2023): $39M supported by Shunwei Capital, International Finance Corporation, Uni-President Asset Holdings, Jungle Ventures, Endeavor Global, and SWC Global
Key Investors in Evermos
Shunwei Capital
Shunwei Capital is a venture capital firm specializing in technology-driven industries, particularly IoT, and supports startups and growth-stage companies.
International Finance Corporation
International Finance Corporation is a multilateral financial institution focused on mobilizing capital and expertise for sustainable development in emerging markets, supporting private sector growth and infrastructure.
Jungle Ventures
Jungle Ventures is a leading venture capital firm in Southeast Asia, investing in early and growth-stage startups across B2B and B2C sectors, aiming for long-term partnerships with founders.
What's next for Evermos?
With the recent Series C financing and substantial enterprise-level backing, Evermos is poised for accelerated growth and market penetration. The strategic investment signals confidence from investors in Evermos's business model and its potential to scale significantly. Future initiatives are likely to focus on expanding its product catalog, enhancing its technological infrastructure to support a growing user base, and potentially exploring new geographic markets within Southeast Asia. The company's ability to attract major backers like Shunwei Capital and International Finance Corporation indicates a strong foundation for continued development and market leadership in the social commerce space.
See full Evermos company page
