Indonesian social commerce startup Evermos eyes IPO in 2 years

Bandung-based company helps modernize country's rural retail market

20240524 Future of Asia 2024 Iqbal Muslimininterview

Iqbal Muslimin, co-founder of Evermos, speaks to Nikkei Asia in Tokyo on May 24. (Photo by Yumi Kotani)

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- Indonesian social commerce startup Evermos is eyeing an initial public offering in two years, co-founder Iqbal Muslimin said in an interview with Nikkei Asia, as the five-year-old company aims to serve the over 80% of Indonesians who own a smartphone but do not use e-commerce.

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