5-months-old Indonesian startup Ula raises $10.5 million for its wholesale e-commerce marketplace

5-months-old Indonesian startup Ula raises $10.5 million for its wholesale e-commerce marketplace

4 years ago
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https://techcrunch.com/2020/06/10/5-months-old-indonesian-startup-ula-raises-10-5-million-for-its-wholesale-e-commerce-marketplace/

Five-year-old Indonesian startup Ula that aims to help small retailers solve inefficiencies that they face in supply chain, inventory, and working capital, said today it has raised $10.5 million in a new financing round to grow its business in the Southeast Asian market.

The Seed round was led by Sequoia India and Lightspeed India. SMDV, Quona Capital, Saison Capital, Alter Global and a clutch of prominent angels including the whole founding team of Bangalore-headquartered business-to-business marketplace Udaan, participated in the round, Ula said.