What is Evermos?
Evermos operates as a specialized social commerce platform designed to democratize economic opportunity. By enabling individuals to launch online storefronts without the burden of upfront capital, the company has effectively lowered the barrier to entry for thousands of aspiring entrepreneurs. Its core value proposition lies in its dual-sided marketplace: providing small, often local brands with a scalable distribution channel while offering consumers access to a curated selection of products, with a particular emphasis on the halal segment. This strategic focus on the Muslim consumer demographic has allowed Evermos to carve out a distinct niche in the competitive Indonesian e-commerce sector, fostering community-driven growth and brand loyalty.
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 IFC, UOB Venture, and MDI Ventures
Series C (2023): $39M supported by Uni-President Asset Holdings, Endeavor Global, SWC Global, Shunwei Capital, International Finance, and Jungle Ventures
Key Investors in Evermos
Jungle Ventures
Jungle Ventures is one of Southeast Asia's largest independent venture capital firms based in Singapore, focusing on early and growth-stage startups across B2B and B2C sectors.
MDI Ventures
MDI Ventures is a global multi-stage venture capital firm focused on investing in local founders and startups, particularly in Indonesia, to drive digital transformation.
SWC Global
SWC Global is a venture capital firm headquartered in Singapore, focusing on investments in companies across Southeast Asia and India to support disruptive technologies.
What's next for Evermos?
Looking ahead, the strategic deployment of the $39M will likely focus on technological infrastructure enhancements and regional market expansion. As the company matures, the emphasis will shift toward optimizing supply chain logistics and refining its digital platform to support a larger volume of transactions. By maintaining its commitment to social impact and economic empowerment, Evermos is poised to solidify its status as a household name in Indonesia. The continued support from institutional investors suggests a long-term trajectory aimed at sustainable profitability and potential market leadership in the broader Southeast Asian social commerce ecosystem.
See full Evermos company page
