Recently, Fabelio, an Indonesian online furniture retailer, announced that it has received US$9 million in Series C financing. To date, its total funding has exceeded US$20 million. The company said the new financing will be used to accelerate the construction of logistics centers and experience centers to further expand the company's supply chain network. With its strong supply chain, the startup also hopes to expand its business to other markets in Indonesia, such as Java and Bali, by November this year.
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