🏠 Cross border information New way to play beauty e-commerce? Why does Social Bella, an Indonesian beauty platform, get $40 million from Temasek and others

New way to play beauty e-commerce? Why does Social Bella, an Indonesian beauty platform, get $40 million from Temasek and others

 Cross border communication Cross border communication Date: 09:24, September 4, 2019 Views: 1838 share

Indonesia


 New way to play beauty e-commerce? Why does Social Bella, an Indonesian beauty platform, get $40 million from Temasek and others

Social Bella, an Indonesian beauty platform, completed the round D financing of $40 million, led by Temasek and EV Growth |It is reported that the Indonesian beauty platform Social Bella announced the completion of the round D financing of 40 million US dollars jointly led by Temasek Holdings and venture capital fund EV Growth in Singapore. Social Bella has a beauty e-commerce platform Sociolla New investors include EDBI, Pavilion C API Tal and Jungle Ventures. Last year, the company received a round C financing of 12 million dollars led by EV Growth, Istyle Inc., a Japanese beauty platform, and UOB Ventures.


This fund will be fully used to recruit more new talents and develop technology, especially in So Co。 Although the company insists that it has no overseas expansion plan, it will continue to increase Sociolla's offline stores in the future. Bella Christopher Madiam, co-founder and president of Social, said: "Through strategic cooperation with investors, we can continue to build a rapidly growing beauty technology ecosystem."


Social Bella has three businesses, namely, e-commerce (Sociolla), media (So.Co and Beauty Journal) and brand development. Sociolla itself is the oldest business department, because it has existed since the company was founded, and it is also the largest contributor of Social Bella. So. Co is a consumer database and is currently one of the company's priorities. So. Co stores a wide range of consumer data, including their personal data, transactions and other data, so that companies can provide a better experience. The concept of So. Co application is very different. It is a combination of Sociolla and Beauty Journal. So it is not only available to consumers who want to buy goods on the Sociolla website, but also applicable to those who want to read and participate in discussions and other activities. In addition, So. Co can be used as a consumer tool To help consumers in Sociolla offline stores decide which products they need according to their skin conditions. When consumers enter the store, they no longer need to find out what products are suitable for them.

 New way to play beauty e-commerce? Why does Social Bella, an Indonesian beauty platform, get $40 million from Temasek and others

Telkomsel, an Indonesian telecom operator, and Bluebird, a taxi company, jointly develop Internet of Things services in Indonesia |Indonesian telecom operator Telkomsel and Bluebird have reached a cooperation to provide Internet of Things services for Bluebird electric taxis. Emma Sri Martini, Chairman of Telkomsel, said that Telkomsel's provision of Internet of Things services for Bluebird's digital ecosystem represents the commitment of enterprises to support the Indonesian government's 4.0 vision. Telkomsel created a cloud based solution IoT Con TRO l Center), It is said that it can safely manage IoT devices. The IoT control center can provide the visibility and security of the company's assets, maintain product quality, optimize equipment performance, and predict costs.


The IoT control center can comprehensively strengthen the IoT system through the integrated equipment in Bluebird Network. Bluebird IoT will replace the Fleety meter and the current 2G based order receiver. 4G LTE Telkomsel will be used as a multi-functional device to support the development of IoT devices. Its functions include meter, consumer order, GPS tracking, connecting passengers and operators, and payment Martini said: "The device is directly connected to the vehicle, and can read the data of the current state of the vehicle and send the data to the Bluebird application system."


Noni Purnomo, Chairman of Bluebird Group, believes that the latest solutions will encourage enterprises to improve work efficiency and performance and bring additional value to customer service. She added: "We hope this cooperation will not only improve the operational efficiency of Bluebird, but also have a positive impact on Indonesia's transportation industry by improving the service quality of passengers, drivers and vehicles."


Singapore


 New way to play beauty e-commerce? Why does Social Bella, an Indonesian beauty platform, get $40 million from Temasek and others

Team Flash of Singapore E-sports Club won $1.5 million seed fund |According to Tech in Asia, Team Flash, a Singapore e-sports club, raised $1.5 million in a round of seed financing led by Octava, a local family office. Prior to this round of financing, Team Flash had received investment from private investors, including regional sports marketing agency Reddentes Sports. Team Flash currently has more than 30 professional e-sports players and content creators in Vietnam, Singapore and Indonesia, focusing on competitive games such as Legend Duel, League of Heroes, FIFA and Jedi Survival. Since 2017, it has received a bonus of 620000 dollars.


The team will use new capital for international expansion and further growth in Vietnam. The company also plans to find more e-sports players and content creators in Southeast Asia, focus on brand sponsorship and media partners, and launch a special marketing department later this year. "Our goal is to build Team Flash into an international e-sports team with our team members in Southeast Asia in the next 12 months," said Terence Ting, CEO, "In the past decade, with the rise of e-sports, although Southeast Asia has traditionally lagged behind its international counterparts due to the lack of capital investment and infrastructure, e-sports in the region has achieved significant growth."


Thailand


 New way to play beauty e-commerce? Why does Social Bella, an Indonesian beauty platform, get $40 million from Temasek and others

Thailand Beacon VC invests in Singapore's new banking platform Aspire |According to e27, the Beacon Venture Capital (Beacon VC) of Kasikornbank in Thailand joined the round A financing of 32.5 million dollars announced by Singapore's new generation digital bank Aspire Financial Technologies last month. In addition to the newly added Beacon VC, Aspire's investors include Y Combinator 、Mass-Mutual Ventures (MMV) Southeast Asia、 Insignia Ventures Partners、Hummingbird Ventures、 ArcLabs and Picus Capital in Silicon Valley.


Through this partnership, KBank and Aspire aim to work together to digitize the banking business of Thai SMEs and online merchants. Andrea Baronchelli, co-founder and CEO of Aspire, said, "Aspire will use KBank's infrastructure to create a unique digital banking experience for customers, which is our common goal. KBank has the largest customer base of SMEs in Thailand, but some SMEs still lack financing channels and customized banking services. Aspire hopes to provide services for KBank's customers through this investment and cooperation, including working capital loans, digital merchant payment and remittance services. "


Beacon VC Managing Director Than APO Ng Na Ranong said: "Banking for people with insufficient banking services and small and medium-sized enterprises is one of the core focuses of Beacon VC's investment philosophy. We are deeply impressed by Aspire's ability to expand its business to four countries within a year and a half. Their e-commerce background enables them to truly understand the pain points of businesses. With Aspire, online merchants and small and medium-sized enterprises can obtain financial services and better conduct business through mobile phones. "


key word: Social Bella financing Beacon Aspire Team Flash Telkomsel

Original title: New way to play beauty e-commerce? Why does Social Bella, an Indonesian beauty platform, get $40 million from Temasek and others

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