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Indonesian beauty startup Social Bella raises $58 million funding round

07/05/2020 | 11:43pm EDT

Indonesian beauty startup Social Bella, which operates beauty e-commerce platform Sociolla, said on Monday it had raised $58 million from its existing investors, including Singapore state-investor Temasek [TEM.UL].

Social Bella has around 30 million users in Indonesia and also operates six physical stores in the country.

(Reporting by Fanny Potkin; Editing by Jacqueline Wong)


© Reuters 2020
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