
Berrybenka
One of the first and largest fashion e-commerce in Indonesia,.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
N/A | Series C | ||
Total Funding | 000k |
USD | 2018 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Berrybenka operates as a significant fashion e-commerce entity in Indonesia, targeting the middle-income segment with a multi-platform approach. The company was founded in 2012 by Jason Lamuda, evolving from an initial Facebook project started by his wife, Claudia Widjaja, and her friend Yenti Elizabeth in 2011. Lamuda, a serial entrepreneur with a background in financial engineering from Columbia University and experience as a business analyst at McKinsey & Company, previously co-founded the daily deal site Disdus, which was acquired by Groupon. This experience informed his vision for Berrybenka, which was to address the gap in Indonesia's nascent e-commerce market for accessible fashion and to promote local brands that were often overshadowed by international labels in physical retail spaces.
The company's business model is centered on an omni-channel strategy, integrating its online presence with a network of physical stores across Indonesia. This "click and mortar" approach was adopted after successful experiments with pop-up stores, which demonstrated a strong ability to build brand awareness and drive sales both online and offline. The physical stores serve multiple functions: as traditional retail points, as locations for customers to try on items ordered online before payment (a service dubbed "COD 2.0"), and as return centers, thereby bridging the gap between online convenience and the tangible experience of in-store shopping. A key component of Berrybenka's product strategy is its focus on private labels, which account for a substantial portion of sales and differentiate it from competitors that primarily feature foreign brands.
Berrybenka operates several distinct platforms to cater to specific market segments. Its main site, Berrybenka.com, offers fashion for men and women, a category added in 2015. Recognizing a specific demand, the company launched Hijabenka.com in 2014 as a dedicated portal for fashionable Muslim apparel, serving both domestic and international customers. The business generates revenue through the direct sale of fashion goods, including apparel, shoes, bags, and accessories, from a mix of local brands and its own in-house labels. In February 2022, the parent company rebranded to Grow Commerce, shifting its focus to an e-commerce roll-up model that acquires and scales direct-to-consumer brands, with Berrybenka remaining one of its key portfolio brands.
Keywords: Indonesian e-commerce, fashion retail, omni-channel, private label fashion, Muslim fashion, Hijabenka, online-to-offline, Jason Lamuda, Grow Commerce, direct-to-consumer, local Indonesian brands, Southeast Asia retail, fashion technology, COD 2.0, pop-up stores, apparel marketplace, middle-income consumers, click and mortar, e-commerce aggregator, fashion startups