Indonesian social commerce startup Kitabeli bags $20m led by Glade Brook Capital

Indonesian social commerce startup Kitabeli bags $20m led by Glade Brook Capital

KitaBeli founders Prateek Chaturvedi and COO Ivana Medea Tjandra.

Indonesian social commerce startup Kitabeli has bagged $20 million in a funding round led by Glade Brook Capital Partners with participation from existing backers AC Ventures and GoVentures, as well as from new investor InnoVen Capital.

The company plans to utilise the fresh capital to invest more in products, tech, and operations capabilities.