L Catterton, global consumer-focused private equity firm, announced an investment in Social Bella International, beauty and personal care e-commerce player in Indonesia.
Founded in 2015, Sociolla is Indonesia’s premier beauty shopping destination, offering authentic make-up, skin care, hair care, fragrance, and beauty tools. The Company has rapidly grown to offer beauty enthusiasts an omnichannel shopping experience through its e-commerce platform and Sociolla stores.
L Catterton will join the Company’s board and support the founders in reaching new consumers and meeting the growing demand within the beauty and personal care category. This investment will provide more Gen-Z and Millennial consumers with access to Sociolla’s trusted and curated high-quality beauty and personal care brands in Indonesia and Vietnam, empowering its loyal consumer base to look and feel better.
“The beauty and personal care category continues to see increasing penetration around the region with innovative players like Sociolla providing consumers with greater options, premium products, and improved accessibility both online and offline,” said Yock Siong Tee, L Catterton Principal and Investment Lead for Southeast Asia.
“Sociolla’s innovations have delighted both consumers and brand principals equally in this attractive category. We are delighted to partner with a team that has demonstrated a strong track record of helping beauty brands rapidly grow in Indonesia to achieve an at-scale platform, and we look forward to supporting Sociolla in the next chapter of its growth,” continued Tee.
“The team at Sociolla is delighted to welcome L Catterton as a strategic shareholder and partner,” said Christopher Madiam, John Marco Rasjid, and Chrisanti Indiana, Co-Founders of Sociolla.
“L Catterton will support Sociolla to engage and reach our ever-growing consumer base as we continue to roll out the #1 beauty ecosystem with our integrated platforms in Southeast Asia: Sociolla, Soco, Beauty Journal, Lilla, and SDI. We are confident that L Catterton’s global expertise in the consumer sector will position us for continued success,” continued Madiam.
L Catterton has significant experience investing globally in the beauty and personal care category. Current and past investments include Marubi, S.p.A., IL MAKIAGE, Intercos, Function of Beauty, TULA, Frederic Fekkai, and many others. This investment will be L Catterton’s first investment in Indonesia and will join an expanding portfolio of high growth, tech-enabled consumer companies in Asia.