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.