Membership-driven e-commerce platform for essential goods Cosmart raises US$5M

Cosmart, an Indonesia-based membership-driven e-commerce platform for essential goods, has secured US$5 million in oversubscribed seed funding from Lightspeed, East Ventures, and Vertex Ventures SEA & India. Angel investors Henry Hendrawan and Albert Lucius also joined. The firm will use the money to step up hiring and invest in breakthrough technology. “We will deploy the funds […] The post Membership-driven e-commerce platform for essential goods Cosmart raises US$5M appeared first on e27.