Indonesian beauty startup Sociolla's losses zoom 130% in 2021 on rising expenses

Indonesian beauty startup Sociolla's losses zoom 130% in 2021 on rising expenses

Sociolla

Indonesian beauty tech startup Social Bella International, which operates the e-commerce brand Sociolla, saw net losses shoot up by 130% for the financial year ended Dec 31, 2021, amid rising costs and operating expenses, according to recent regulatory filings.

Edited by: Joymitra Rai