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§ Private Profile · Bandung, Indonesia
Social commerce platform connecting resellers with halal product brands for Muslim consumers in Indonesia, focused on everyday needs.
Evermos is a social commerce platform based in Bandung, Indonesia, that connects resellers with halal product brands to facilitate sales through messaging applications and social media. The company provides supply-chain enablement and artificial intelligence-driven logistics for a network of over 160,000 monthly transacting resellers and 1,600 brand partners across lower-tier Indonesian cities. Operating with approximately 300 employees, the platform focuses on everyday Muslim consumer needs such as fashion, health, and beauty, achieving a 17x gross merchandise value growth between 2020 and 2022. The enterprise secured a $39 million Series C equity funding round in May 2023, following a $30 million Series B, with backing from prominent investors including IFC, Jungle Ventures, Shunwei Capital, and UOB Venture Management. Evermos was originally founded in November 2018 by Ghufron Mustaqim, Iqbal Muslimin, Ilham Taufiq, and Arip Tirta.
Evermos has raised $77.3M across 3 funding rounds.
Evermos has raised $77.3M in total across 3 funding rounds.
Evermos has raised $77.3M across 3 funding rounds. Most recently, it raised $39.0M Series C in May 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2023 | $39M Series C | IFC Asset Management Company, International Finance Corporation | Insignia Ventures Partners, Jungle Ventures, Endeavor Catalyst, Shunwei Capital, SWC Global, Telkomsel Mitra Inovasi, UNI President Asset Holdings, UOB Venture Management | Announced |
| Sep 21, 2021 | $30M Series B | UOB Venture Management | Future Shape, Jungle Ventures, MDI Ventures, Shunwei Capital, Telkomsel Mitra Inovasi | Announced |
| Dec 6, 2019 | $8.3M Series A | — | Alpha JWC Ventures, Jungle Ventures, Shunwei Capital | Announced |
Evermos has raised $77.3M in total across 3 funding rounds.
Evermos's investors include IFC Asset Management Company, International Finance Corporation, Insignia Ventures Partners, Jungle Ventures, Endeavor Catalyst, Shunwei Capital, SWC Global, Telkomsel Mitra Inovasi, Uni-President Asset Holdings, UOB Venture Management, Future Shape, MDI Ventures.
Evermos is an Indonesian social commerce platform founded in 2018 that empowers small and medium enterprises (SMEs) and micro-entrepreneurs, primarily through a reseller and dropshipping model focused on halal and Muslim-friendly products. The platform enables individuals, especially women and people from lower-income communities, to start businesses without upfront capital by reselling a wide range of products including fashion, health and beauty, food and beverages, and digital goods. Evermos addresses challenges such as high distribution costs and counterfeit products, providing integrated services like shipping, customer relationship management, financing, and reseller training to support growth. It currently serves around 700,000 active resellers across Indonesia’s 34 provinces and partners with over 500 local brands, fostering entrepreneurship and financial inclusion in underserved regions[1][2][4][6].
Evermos was founded in 2018 by Ghufron Mustaqim, Iqbal Muslimin, Ilham Taufiq, and Arip Tirta in Bandung, Indonesia. The founders were motivated by dissatisfaction with Indonesia’s retail ecosystem, particularly the multiple layers of distribution that inflate prices and the prevalence of counterfeit goods online. They envisioned a platform that would allow people to earn income by opening online stores without needing to invest capital upfront. Early traction came from building a reseller network that leveraged social media and messaging apps like WhatsApp and Facebook to reach customers, especially in smaller cities and rural areas where e-commerce penetration was low. This approach helped Evermos rapidly grow its reseller base and transaction volume, expanding access to halal-certified products and supporting local brands[1][4][6].
Evermos rides the rising trend of social commerce and digital financial inclusion in emerging markets, particularly Indonesia’s large Muslim population seeking halal-certified products. The timing is favorable due to increasing internet penetration, smartphone adoption, and growing demand for ethical and trustworthy e-commerce options. By focusing on underserved regions and communities, Evermos addresses gaps left by traditional e-commerce platforms, such as high shipping costs and lack of digital literacy. Its model also combats counterfeit goods proliferation by providing a trusted reseller network. This approach not only expands market access for local brands but also fosters entrepreneurship and economic inclusion, influencing Indonesia’s broader digital economy and halal industry ecosystem[2][4][6].
Evermos is poised for continued growth, aiming to expand its reseller network to over one million in the coming years and deepen its penetration into Indonesia’s tier 2 and tier 3 cities. Trends shaping its journey include increasing digital adoption in rural areas, growing demand for halal products, and the rise of social commerce as a preferred shopping channel. Future developments may include enhanced AI capabilities, expanded logistics infrastructure, and broader financial services to further empower resellers and local brands. As Evermos scales, it is likely to strengthen its role as a key enabler of inclusive economic growth and digital entrepreneurship in Indonesia’s evolving tech and e-commerce landscape[4][6].