East Ventures on Instagram: "We are glad to announce that E-commerce company SIRCLO has secured funding round worth US$ 36 million (approximately IDR 515 billion), which was led by East Ventures (Growth Fund) and PT Saratoga Investama Sedaya Tbk. (Saratoga), with participation from Traveloka, Sinar Mas Land, as well as other investors. The funding aims to further develop SIRCLO’s technological capabilities and accelerate the retail digitalization for various businesses all across Indonesia. @sirclosolution provides end-to-end merchant enablement services, works with various marketplaces, expands to social commerce, and also caters to enterprise clients. “SIRCLO is a classic story of a startup running a marathon. Founded in 2013, we think that SIRCLO was ahead of its time. But we have a strong conviction as to how the founding team stays true to their vision. COVID-19 crisis has made them stronger; revenue hit record high at hundreds of million dollars and the company is near profitable. We are glad to be part of their journey in the past, double down in this round and look forward to an exciting future,” said Willson Cuaca, Co-Founder and Managing Partner of East Ventures. During the pandemic, SIRCLO recorded a fivefold increase in transactions, which was propelled by the shifting consumer behavior amid the COVID-19 pandemic. Up to this year, SIRCLO has helped more than 100,000 brands of all sizes to sell online, from individual entrepreneurs, MSMEs, to big enterprises. Read more: bit.ly/ev-sirclo"