Sirclo Secures Funding for E-commerce Growth

By Editorial Team 21/06/2023
e-commerce
Summary

Sirclo, a startup that develops e-commerce enablers, secured Series C funding from Vertex Ventures and other investors. According to VentureCap Insight, as reported by Daily Social, Vertex Ventures contributed US$10.4 million to the funding round.

The total amount raised and the valuation of Sirclo are still unknown, and the company declined to comment on the deal.

Sirclo had previously raised Series B funding in multiple tranches from investors such as East Ventures, OCBC NISP Ventura, Skystar Capital, Traveloka, and others.

The startup used the funds, which amounted to Rp 512 billion or around US$31 million, to enhance its technology capabilities and accelerate the digital transformation of retail businesses. Sirclo also acquired several other startups to boost its inorganic growth.

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