Indonesian social commerce sees casualties as startups, VCs rush to fill gap left by e-commerce
By Ardi Wirdana
March 30, 2021
Even as social commerce players in Indonesia continue to attract VC funding, a steady flow of investor capital into the company is not a sure-shot path to survival. Case in point: Meesho.
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The round was led by Go-Ventures and joined by return backers AC Ventures and East Ventures.
Meesho embarked on an expansion to Indonesia just over a year back.