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Jeff Bezos in talks to back Indonesian e-commerce Ula

Jeff Bezos in talks to back Indonesian e-commerce Ula

3 years ago
Anonymous $dRhNkMsRKr

https://techcrunch.com/2021/10/02/jeff-bezos-in-talks-to-back-indonesian-e-commerce-ula/

One-a-half-year-old Indonesian e-commerce startup Ula, which has raised over $30 million and courted many high-profile investors, is inching closer to adding one of the biggest tech profiles to its captable.

The Jakarta-headquartered startup — which counts B Capital Group, Sequoia Capital India, Lightspeed Venture Partners, and Quona Capital among its existing investors — is in advanced stages of talks to finalize a new round of over $80 million in which Jeff Bezos, founder of Amazon and world’s richest person, is also investing, according to two sources familiar with the matter.