Indonesia’s Evermos secures $8.25 million in Series A Funding

The funding round led by Jungle Ventures with the participation of Shunwei Capital and Alpha JWC.

Ismawati Asmat10 Dec, 2019

Indonesia’s Evermos secures $8.25 million in Series A Funding

This funding marks the largest financing round secured by a startup serving Indonesia’s muslim market.

Evermos plans to use the fresh funds to expand its presence in the digital Islamic Economy ecosystem and ink further collaborations with local brands and organizations.

Launched nine months ago, Evermos is a sales platform focusing on muslim products, earning a commission from every sale generated.

It claims to have a network of over 20,000 paid resellers across Indonesia and markets thousands of local products from hundreds of local brands.

“The digital economy in Indonesia has grown particularly fast, and its Sharia economy has a very large potential to become a part of this expansion,” Evermos co-founder and CEO Iqbal Muslimin said.

Ismawati AsmatAuthor

Translator/Content Writer

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