Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

Must Read

Amazon founder Jeff Bezos participated in a USD 87 million Series B financing in an Indonesian startup, Ula. This marks the first time Bezos invested in any eCommerce platform in Southeast Asia. The Series B financing round was co-led by Proses Ventures, Tencent, and B Capital.

“We launched in 2020, with a single-minded mission to empower small, neighbourhood retailers with technology to increase their income. We take a long-term approach to solve the underlying problems of traditional retailers by investing in technology, supply chain and data-enabled credit offering,” said Nipun Mehra, co-founder and chief executive of Ula, in a statement.

Also Read

He further added, “Ula’s new investors come with global expertise and share this long-term mindset of the company. We are grateful to them for believing in Ula’s mission and hope to learn from their experience re-imagining retail in other emerging markets.”

Ula was founded last year by Nipun Mehra, Alan Wong, Derry Sakti, and Riky Tenggara. As an eCommerce platform, Ula mainly works with and helps small retailers whenever they face problems in the supply chain, inventory, and working capital. In other words, Ula helps the small business owners restock their inventory whenever they need it, and provides them with working capital. Ula has appointed Pandu Sjahrir as a consultant.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Ever since its inception, Ula has been a hit with a USD 10.5 million seed in finances in June 2020, and another USD 20 million in Series A financing in January this year. Bezos has agreed to invest in Ula using his family office Bezos Expeditions. Moreover, the startup is in the advanced stages of talks to finalize a new round of finance worth over USD 80 million. As of now, Ula is working with more than 70,000 traditional stores and offers over 6,000 products using its resources.

Save up to 60% on OptinMonster

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -