Sirclo Secures Funding from East Ventures and Sinarmas

By Editorial Team 10/05/2021
startup business
Summary

Sirclo, a startup providing e-commerce solutions, raised US$45 million in a Series B3 funding round led by Sinar Mas Digital Ventures (SMDV). East Ventures also participated in this funding round.

Based on VentureCap Insight's calculations, Sirclo has a valuation of around US$116 million. SMDV, the investment vehicle of the Sinarmas Group, spent US$35.8 million to buy 845,185 Sirclo shares for US$42.35 per share. East Ventures invested US$9 million, equivalent to the purchase of 212,506 Sirclo shares.

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