Failed 2022

    Fabelio

    Indonesia's Wayfair-style furniture e-commerce raised US$30M then declared bankruptcy in 2022 after failing to secure a Series C.

    Founded → Closed

    2015 → 2022

    Funding Raised

    $30M

    Industry

    E-commerce/Furniture

    Country

    Indonesia

    Full Analysis

    Jakarta-based Fabelio raised ~US$30M to be Indonesia's leading direct-to-consumer furniture brand. After failing to close its Series C in mid-2022, the company entered Indonesian bankruptcy court (PKPU) and was declared bankrupt — leaving customers, employees and creditors with significant losses. One of Indonesia's most-discussed startup failures.

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