Tuesday
November 29
2022

Indonesia’s ESQA Raises $6 Million Series a Funding Led by Unilever Ventures

ESQA, an Indonesian indie beauty brand, has raised a $6 million Series A round led by Unilever Ventures, the venture capital arm of consumer giant Unilever.

Renowned investor, East Ventures has also participated in this round, ESQA said in a statement on Tuesday.

With the additional capital, the beauty startup plans to scale its omnichannel distribution and reach new cities as well as expanding overseas, grow its innovative product offering, talent building, and strengthen their marketing strategy.

“Innovation is at the forefront of our brand. Our approach is to think globally and act regionally, therefore ESQA is fast in spotting international trends but catering it to Asian skin and local demands according to our customer-centric focus, providing products that the customer needs,” said Kezia Trihatmanto, Co-founder and Chief Product Officer at ESQA.

Photo courtesy of kinkate Gruber.

Source: TechNode Global (link opens in a new window)

Categories
Entrepreneurship, Investing
Tags
business development