Announced
Completed
Financials
Sources
Tags
Friendly
Private
Indonesia
Domestic
Private Equity
Clothing and Accessories
Completed
Acquisition
shoes
Venture Capital
Majority
Synopsis
BRI Ventures, a corporate venture capital firm, led the Series A investment round in Brodo, an Indonesian shoemaker. Financial terms were not disclosed. PT Bank Rakyat also participated in the round through subsidiary. “With this funding, we will double down on our product innovation and strengthen our supply chain network to help deeper penetrate Indonesia’s market. We are also preparing for our second stage of growth to fulfill a specific mission of making Indonesian brands cool again. This will ignite the revolution of digital-first microbrands,” Yukka Harlanda, Brodo CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.