Startups as a catalyst for digital economy’s growth: Brian Marshal, Founder & CEO of SIRCLO

We see that the growth of e-commerce is still going well since customers are constantly shifting to online transactions. The pandemic helped accelerate this growth. The second thing is what we commonly refer to as the ‘tech winter’, particularly in e-commerce, where it is closely related to investment allocations that really affected e-commerce’s aggressiveness of marketing and promotion initiatives.

SIRCLO announces US$36 million funding led by East Ventures and Saratoga

E-commerce company SIRCLO today announces its 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.