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 or economic hardship, women will indulge in discretionary purchases, splurging on small, affordable luxuries, such as lipstick, that boosts their mood without putting a strain on their finances. Hence, despite a shifting backdrop, our beauty sector outlook remains bullish and we expect it to continue as a bright spot in 2023.
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.
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 their international foray.
Indonesia’s beauty commerce, Sociolla, shows e-commerce can fight plastic pollution
Many cosmetics, skincare, or other beauty products are packaged very attractive to engage buyers. Realize it or not, waste is commonly and inevitably built into the beauty industry's business model. With the rising beauty consumption that leads to the growing impulsive beauty shopping trend in our society, the waste issue in the beauty industry is getting more critical than ever.
Social Bella raih pendanaan Seri E
Social Bella Kembali Dapatkan Dukungan Investor Lewat Pendanaan Terbaru Di Tengah COVID-19 6 Juli 2020 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 lebih meningkatkan pertumbuhan perusahaan di pasar perawatan kecantikan dan pribadi di Indonesia, yang menurut Euromonitor, diperkirakan akan tumbuh hingga USD 8,5 miliar pada tahun 2022. Dengan dukungan berkelanjutan dari para investornya, Social Bella berada pada [...]
Social Bella raised US$58 million Series E funding
Social Bella Retains Investor Support Through Its Latest Investment Round Amid COVID-19 6 July 2020 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 boost the leading beauty-tech startup growth in Indonesia’s beauty and personal care market, which, according to Euromonitor, is expected to grow to US$8.5 billion by 2022. With the continued support from its investors, Social Bella is [...]
Base Secured Seed Funding Led by East Ventures and Skystar Capital
Base is a direct-to-consumer beauty and wellness startup that caters to the diverse beauty needs of Indonesian women, by providing personalized products.
Indonesian Social Bella Secures US$40 Million Series D Investment
Temasek, Pavilion Capital, EDBI and Jungle Ventures join the existing investors to support Social Bella broaden its reach to 100 million users.