ezgif.com gif maker 2 - Jeff Bezos invests in Indonesian e-commerce startup Ula

Jeff Bezos invests in Indonesian e-commerce startup Ula

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

In a statement, Ula confirmed TechCrunch’s reporting. The startup said it has raised $87 million in its Series B financing round. The round was, as TechCrunch reported, co-led by Prosus Ventures, Tencent, and B Capital. Jeff Bezos invested in the new round.

“We launched in 2020, with a single-minded mission to empower small, neighborhood 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.

Read more: https://uk.finance.yahoo.com/news/jeff-bezos-talks-back-indonesian-063427426.html

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