THE WHAT? Indonesian beauty products start-up Social Bella is in talks with investors to raise between US$150 million to US$200 million as part of a growth push to boost its valuation past US$1 billion, giving it unicorn status, according to Bloomberg.
THE DETAILS Based in Jakarta, Social Bella is currently backed by Temasek Holdings Pte, and is looking to gain a valuation of around US$1.2 billion to US$1.4 billion, according to sources that asked to remain unnamed.
Social Bella operates e-commerce cosmetics and personal-care retailer Sociolla, and 40 bricks & mortar stores in Indonesia and Vietnam.
THE WHY? The company is one of many e-commerce start ups raising funds in order to capitalize on the Southeast Asian market, which is projected to double by 2025.
In 2020 Social Bella raised US$58 million in a Series E funding round from Temasek. Jungle Ventures and Pavilion Capital, while securing a further US$57 million from L Catteron and other investors in 2021.
Aesthetic injectable companies refer to businesses or companies that specialize in manufacturing, distributing, or providing aesthetic injectable products and services. These companies focus on developing and supplying injectable substances used for cosmetic purposes, typically administered by qualified medical professionals. Aesthetic injectable companies play a crucial role in the field of aesthetic medicine and cosmetic dermatology by offering a variety of injectable products designed to enhance facial features, reduce wrinkles, and improve overall skin appearance.
Key aspects of aesthetic injectable companies include:
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Product Development: These companies research, develop, and manufacture aesthetic injectables such as dermal fillers, botulinum toxins (e.g., Botox), collagen stimulators, and other specialized formulations. They often innovate new products to meet evolving market demands and technological advancements.
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Distribution and Sales: Aesthetic injectable companies distribute their products through authorized channels, including healthcare providers, medical spas, and aesthetic clinics. They may also sell directly to licensed professionals who administer these treatments.
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Regulatory Compliance: Due to the medical nature of their products, aesthetic injectable companies adhere to strict regulatory guidelines and obtain necessary approvals from health authorities (e.g., FDA in the United States) to ensure safety, efficacy, and quality standards.
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Training and Support: Many companies provide training and educational support to healthcare professionals on the proper use, administration techniques, and safety protocols associated with their injectable products. This ensures that practitioners can deliver treatments effectively and safely.
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Customer Support: Aesthetic injectable companies offer customer support services to healthcare providers and consumers, addressing inquiries, providing product information, and assisting with product usage and troubleshooting.
