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Lifestyle retailer Iuiga secures $10 mil in Series A funding for SEA expansion

Felicia Tan
Felicia Tan5/13/2020 04:34 PM GMT+08  • 2 min read
Lifestyle retailer Iuiga secures $10 mil in Series A funding for SEA expansion
Indonesian conglomerate Konimex Group's technology subsidiary, Konimex Technologies (or PT Konimex Sinergi Multitek) led the launch with a $10 million funding quantum.
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SINGAPORE (May 13): Lifestyle omnichannel retailer Iuiga Technologies (Iuiga) has announced the official launch of its Series A funds on Wednesday.

Indonesian conglomerate Konimex Group's technology subsidiary, Konimex Technologies (or PT Konimex Sinergi Multitek) led the launch with a $10 million funding quantum.

The funds will be used for several avenues including expanding Iuiga’s business model across Southeast Asian markets. It will also be used in big data and artificial intelligence (AI) to better integrate Iuiga’s customers into its multi-platform experience, as well as expanding Iuiga’s physical footprint to fulfil a growing demand.

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