KUALA LUMPUR -- Indonesia's first locally-incorporated, Indonesian Financial Services Authority-licensed venture capital vehicle Sembrani Nusantara Fund, which is managed by BRI Ventures, announced on Monday that it has led a series A funding round in shoe brand Brodo. The funding amount was not disclosed.
DealStreetAsia
Indonesian shoe brand raises funding from state-owned BRI
Brodo to strengthen supply chain network to help deepen market penetration
Brodo launched in 2010 with leather-based footwear as it sought to fill the gap between local and international shoe brands. © Reuters
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