East Ventures-backed social commerce startup KitaBeli bags $10m in round led by Go-Ventures

• KitaBeli plans to use the new funds to expand operations deeper into the Indonesian island of Java and develop its logistics network, said its CEO and co-founder Prateek Chaturvedi.
• The startup, which mainly provides high-frequency items such as fast-moving consumer goods and fresh produce, plans to expand into beauty, fashion, and electronics segments, added Ivana Tjandra, co-founder and chief operating officer at KitaBeli.
• The startup claims it has seen a growth of over 80% month on month, with a per install rate of US$0.10. It also said its users spend an average of US$70 per month on the platform, and its delivery partners fulfil over 100 orders per day.
• Last year, the company raised an undisclosed amount of seed funding led by East Ventures.

For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.