The funding round is led by SMDV, with Gobi Partners, Facebook co-founder Eduardo Saverin, Ardent Capital, and Velos Partners
It has also secured a US$15 million funding led by SMDV, with Gobi Partners, Facebook co-founder Eduardo Saverin, Ardent Capital, and Velos Partners to create a comprehensive Southeast Asian online destination dedicated solely to women.
Orami plans to use the capital to enrich product selection, enhances its social commerce components, optimise mobile and technology strategy under a unified platform for the region, and extend the end-to-end user experience.
It will also look at implementing expansion plans into a new market in Southeast Asia.
“Southeast Asia is currently missing a key player who understands how to properly market towards the evolving and underserved female consumer. In China, we have witnessed similar growth in social commerce and businesses targetting female demographic groups, and we believe that Orami has the right combination of management and vision to realise this model in Southeast Asia,” said Kay-Mok Ku, Partner at Gobi Partners.
Post-merger, Orami has based its headquarters in Jakarta with up to 500 employees. It has dedicated significant efforts for the successful integration of staff to bridge together the two company cultures.
Since then, the company claimed to have experienced steady sales increase with January and February being the best months. It has around three million visits per month with capacity to hold up to 12,000 orders daily on peak days.
Disclaimer: Orami is an Ardent portfolio company. Ardent Capital is an investor in Optimatic Pte Ltd, the parent company of e27.
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