About Sorabel
Sorabel is a company based in Jakarta (Indonesia) founded in 2014 by Lingga Madu and Ariza Novianti. It operates as a B2C. Sorabel has raised $27 million across 3 funding rounds from investors including Korea Investment Holdings, Media Nusantara Citra and 17Live. Sorabel operates in a competitive market with competitors including Pomelo, Berrybenka, Bobobobo, Shopdeca.com and GrosirImpor, among others.
- Headquarter Jakarta, Indonesia
- Founders Lingga Madu, Ariza Novianti
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Korea Investment Holdings
& 10 more
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Employee Count
Employee Count
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Funding Insights of Sorabel
Sorabel has successfully raised a total of $27M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(16 Aug 2017)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Series B - Sorabel | Valuation | Ncore Ventures |
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| Jun, 2019 | Amount | Series B - Sorabel | Valuation | Shift. | |
| Aug, 2017 | Amount | Series B - Sorabel | Valuation | Gobi Partners , 17Live |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sorabel
Sorabel has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Korea Investment Holdings, Media Nusantara Citra and 17Live. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are funded by Seoul-based Ncore Ventures.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sorabel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sorabel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sorabel Comparisons
Competitors of Sorabel
Sorabel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pomelo, Berrybenka, Bobobobo, Shopdeca.com and GrosirImpor, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operates retail shop for consumer goods and provides logistics warehousing services
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| domain | founded_year | HQ Location |
Online fashion and beauty store for women and men
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| domain | founded_year | HQ Location |
Fashion and lifestyle products are sold via an online marketplace.
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| domain | founded_year | HQ Location |
Fashion and lifestyle products are curated and offered online.
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| domain | founded_year | HQ Location |
Wholesale provider of imported bags, shoes, and fashion accessories in Batam.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sorabel
Frequently Asked Questions about Sorabel
When was Sorabel founded?
Sorabel was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Sorabel located?
Sorabel is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Is Sorabel a funded company?
Sorabel is a funded company, having raised a total of $27M across 3 funding rounds to date. The company's 1st funding round was a Series B of $27M, raised on Aug 16, 2017.
What does Sorabel do?
Sorabel operates an online retail platform offering products across multiple categories, focusing on engaging in retail operations, operating online marketplaces, selling products via the internet, and multi-category products. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Who are the top competitors of Sorabel?
Sorabel's top competitors include Berrybenka, Bobobobo and Shopdeca.com.
Who are Sorabel's investors?
Sorabel has 11 investors. Key investors include Korea Investment Holdings, Media Nusantara Citra, 17Live, Ncore Ventures, and Shift..
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