Beauty Tech

Beauty sector outlook 2023
Insights

How beauty is changing in 2023

Behind its allure and aesthetic appeal, the beauty industry has proven to be recession-proof in the face of various macroeconomic shocks over the past two decades. The “Lipstick Effect” or “Lipstick Index”– an economic indicator from the beauty category, suggests that during periods of recession…
Indonesian cosmetics brands see opportunity in halal products|Indonesian beauty brand Esqa offers halal-certified makeup with vegan ingredients. Photo by Nana Shibata.
From Portfolios

Indonesian cosmetics brands see opportunity in halal products

Companies offering halal cosmetics in Indonesia, the world’s largest Muslim-majority country, are aiming to boost the international appeal of their products in Southeast Asia and beyond as they see potential in attracting more non-Islamic consumers. In 2014, Indonesia enacted a law requiring halal certification for a wide…
||Esqa co-founders (from left) Kezia Trihatmanto and Cindy Angelina
From Portfolios

Indonesian D2C beauty brands build foundation for regional expansion

In 2020, Indonesian beauty marketplace Sociolla expanded to its first overseas market – Vietnam. Like in its home turf, Sociolla Vietnam offers products from global brands like Maybelline and Neutrogena as well as South Korea’s Laneige. The marketplace also stocks cosmetics from Esqa, Avoskin, and Carasun – all Indonesian brands making…
Sociolla offline store
Press Release

Social Bella raih pendanaan Seri E

JAKARTA, 6 Juli 2020 – Social Bella, startup beauty-tech terkemuka di Indonesia, mendapatkan pendanaan dari investor global termasuk Temasek dari Singapura, Pavilion Capital, dan Jungle Ventures. Investasi ini didapatkan perusahaan di tengah turbulensi dalam lingkungan bisnis secara keseluruhan karena pandemi coronavirus. Putaran pendanaan terbaru akan…
Co-Founder oof Social Bella John Rasjid
Press Release

Social Bella raised US$58 million Series E funding

JAKARTA, 6 July 2020 – Social Bella raised US$58 million series E funding from existing investors including Singapore-headquartered Temasek, Pavilion Capital, and Jungle Ventures. The investment comes amid turbulence within the overall business environment due to the current coronavirus pandemic. The latest funding round will further…
Base Co-Founder
Press Release

Base Secured Seed Funding Led by East Ventures and Skystar Capital

JAKARTA, 09 September 2019 — Base, Indonesia’s 6-month-old personalized direct-to-consumer (DTC) beauty and wellness company, announced earlier today that it has secured an undisclosed amount of seed funding led by East Ventures and Skystar Capital. This fresh investment will fuel Base mission to accelerate the…
Social Bella Funding Series D|Sociolla Social Bella Founder|Social Bella Sociolla Series D Funding
Press Release

Indonesian Social Bella Secures US$40 Million Series D Investment

Social Bella Indonesia (Social Bella), publicly well-known for its beauty e-commerce Sociolla, strengthens its position as the leading beauty-tech company in Indonesia through the announcement of its USD 40 million Series D investment. The round is co-led by EV Growth and Temasek, together with EDBI,…