Evermos raised a $30 million Series B, led by UOB Venture Management’s Asia Impact Investment Fund II.
The Indonesian social commerce startup has two goals: to let people earn extra income by opening online stores without spending capital and to help small brands grow into household names.
The funding will be used on hiring, enhancing Evermos’ recommendation engine and another AI-based tech, and entering new regions in Indonesia. The company says it currently has 100,000 active resellers in more than 500 Tier 2 and Tier 3 cities, mostly in Java.
