Experience the pulse of Asia's innovation and connect with Asia's technology industry!Love our content? We love you too!Organizing an event? Share it with Asia's tech community on e27!Change the world! Over 200 tech industry jobs in Asia and growing

Warning: file_get_contents(http://graph.facebook.com/?ids=http://e27.co/e-commerce-website-builder-sirclo-secures-funding-from-east-ventures/): failed to open stream: HTTP request failed! HTTP/1.1 403 Forbidden in /home/wp/public_html/wp-content/themes/e27co2/single.php on line 20
News  28, Mar 2014

E-commerce website builder Sirclo secures funding from East Ventures

By

The investment amount is undisclosed. The Indonesia- and Singapore-based firm will use the funding to expand in the ASEAN region

Sirclo, a Platform-as-a-Service (PaaS) company that makes it simpler for retailers to build e-commerce stores, has secured an undisclosed amount of investment from early-stage venture capital firm East Ventures.

The Indonesia- and Singapore-based firm will use the funding to grow its business to its full potential in the ASEAN region. This is East Ventures’ first announced funding since the investment firm raised its third round recently.

Sirclo’s e-commerce platform hopes to empower businesses to have their own online shops. It provides convenience in terms of speed of set-up, as well as integrating other services and tools required by online shops, said an official statement. It also supports a robust bank transfer payment system with transfer-reminder and automated order cancellation. The company works with PayPal; other local payment methods will be supported in the near future.

The service will continue to help small and medium enterprises build websites easily with fees ranging between IDR 99,000 (US$8) to IDR 1.75 million ($148) per month. Sirclo faces competition from Shopify, Pixtem and Jarvis Store.

Moving forward, Sirclo aims at serving small to medium sized online shops who want to establish unique branding and shopping experience which might not be fulfilled by selling only at marketplace websites or social media.

East Ventures is an early-stage investment fund that offers a 100-day startup incubation programme. The venture capital firm was formed in July 2011 and focuses on web and mobile startups. Since its founding, it has invested in 20 startups in Indonesia, and also invests in startups in Singapore and Japan.

Theon Leong

Theon Leong

Theon is a skeptic who believes in possibilities after learning that three thirds of a pie does not add up to one and that cats can be dead and alive at the same time. He writes about business and technology, and is particularly interested in deconstructing complex ideas into bite-sized chunks. His favorite novel is The Little Prince, and spends his free time on chess and video games.

Work for a Startup

Marketing/Business development Intern
Chic Kiss Love
Marketing/Business development Intern
Chic Kiss Love
Business Development Intern
StaffOnDemand
FIELD SERVICE TECHNICIAN
StaffOnDemand
Marketing and Operations Manager
Chic Kiss Love