THE WHAT? Indonesia magnificence model ESQA has raised US$6 million in a Collection A funding spherical led by Unilever Ventures, the enterprise capital arm of Unilever, in response to Technode International.
THE DETAILS East Ventures additionally participated within the spherical.
Kezia Trihatmanto, Co-founder and Chief Product Officer at ESQA, mentioned: “Innovation is on the forefront of our model. Our method is to assume globally and act regionally, subsequently ESQA is quick in recognizing worldwide traits however catering it to Asian pores and skin and native calls for in response to our customer-centric focus, offering merchandise that the shopper wants.”
THE WHY? ESQA is claimed to be utilizing the extra capital to increase globally, scale up its omnichannel distribution, and develop its product providing, expertise constructing and strengthen its advertising technique.
Cindy Angelina, Co-founder and Chief Govt Officer of ESQA, mentioned: “By having constant profitability, we weren’t seeking to fundraise initially however we realized that strategic experience is required because the enterprise grew.
“With Unilever Ventures’ experience in partnering with visionary founders in constructing iconic shopper manufacturers the world over and East Ventures’ robust ecosystem in Indonesia, it’ll empower ESQA to embark on its subsequent stage of development. We’re excited to associate with each marquee traders.”