Indonesia's Evermos to focus on growth, profitability as it trains sights on IPO

Indonesia's Evermos to focus on growth, profitability as it trains sights on IPO

[From Left to Right] Evermos co-founder and CEO Ghufron Mustaqim; co-founder Ilham Taufiq; co-founder and chief of sustainability Iqbal Muslimin, and co-founder and president Arip Tirta

Indonesian social commerce startup Evermos, which recently secured $39 million in fresh funding led by World Bank member International Finance Corporation (IFC), will double down on growth opportunities with an eye on the path to profitability. The startup is also likely to weigh options for an initial public offering in the domestic market in the next few years.

Edited by: Padma Priya

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