Myanmar UMG group invests in Indonesia's SocialBuzz

Startup's online marketplace connects businesses and influencers

20201104 Jakarta view

The SociaBuzz marketplace is populated by around 72,000 influencers, creators and other talented folks, along with 1,350 active users. © Reuters

CINDY SILVIANA, DealStreetAsia

JAKARTA -- UMG Idealab, the early-stage venture capital arm of Myanmar conglomerate UMG group, has invested in SociaBuzz, an Indonesian online marketplace that connects businesses or individuals with social media influencers, creators and other kinds of talent.

The size of the deal could not be ascertained.

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