Indonesia-based SIRCLO has raised US$ 6M in a Series B funding round held in August 2020, from investors namely, East Ventures, OCBC NISP Ventura, Skystar Capital, and Sinar Mas Land.
Proceeds from the round will be used to boost SIRCLO’s internal infrastructure and to cater to the needs of regular clients as well as the rising number of businesses that are entering e-commerce. Andreas Thamrin, Brian Marshal and Leontius Adhika Pradhana founded SIRCLO in 2013. The startup develops website building platforms that can be used by enterprises to create an inclusive e-commerce provision to enable online sales.
The startup offers 4 business solutions — SIRCLO Store, SIRCLO Connexi, SIRCLO Chat and SIRCLO Commerce.
- SIRCLO Store is a SaaS platform that can be used for creating prototype-based online shops for small to medium-sized local businesses (SMEs). The startup is set to expand SIRCLO Store to provide a cohesive platform where all of its digital platforms on several sales channels, such as brand.com, marketplace, and chat commerce can be accessed easily.
- SIRCLO Connexi offers an interactive dashboard to manage sales from various Indonesian e-commerce platforms.
- SIRCLO Chat provides a colloquial commerce platform again in the form of an interactive dashboard that is integrated with the WhatsApp Business API.
- SIRCLO Commerce helps simplify the entire online sales process, from stock management, ordering, product delivery, to customer service, through its end-to-end channel management solutions.
The startup claims to have built more than 100K websites and has helped 3K brands establish their businesses online.
In May 2020, SIRCLO merged with ICUBE, a local firm that provides e-commerce tech services and solutions. The union enables the two companies to combine thousands of their clients and to assist more businesses and brands to bring about an effective and well-organized digital transformation.
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