Fabelio seeks funding to debut in stock market in 2022

Indonesian online furniture retailer Fabelio is seeking to raise Series D funding as it plans to list in 2022. Fabelio co-founder Marshall Utoyo said that the company expects to raise another round of funding before it goes public next year.

Fabelio was forced to close all of its offline stores since last year due to the pandemic. The company now focuses on developing its online presence and sales. However, the company claimed that it managed to maintain its top-line growth of 20%-25% last year.

Earlier, Fabelio secured $9 million in Series C funding round with AppWorks venture firm.