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📍 San Francisco👥 85
92
Post-Funding
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Just raised $40M Series B - high purchase intent window

Indonesian B2B Marketplace Ula Raises Another $23M In Series B Funding

Nov 18, 2021almost 4 years ago

Amount Raised

$23 Million

Round Type

series b

JakartaSoftware

Description

Jakarta-based B2B marketplace Ula on Tuesday announced it has raised an additional $23.1 million in Series B funding from Tiger Global and Flipkart co-founder Binny Bansal.

Company Information

Company

Ula

Location

Jakarta, DKI Jakarta, Indonesia

About

The company had in October raised $87 million in the round co-led by Prosus Ventures, Tencent and B Capital. The company also plans to expand its geographical reach and hire more team members. Founded by Mehra, Alan Wong, Derry Sakti, and Riky Tenggara, the company connects wholesalers and distributors with small retailers. The company has raised a total of $140.6 million to date, starting from a $10.5 million seed round in June last year and a $20 million Series A round in January 2021. In its statement on Tuesday, Ula said it will expand its buy now, pay later (BNPL) offering and utilise artificial intelligence to serve its SME customers better.

FundzWatch™ Score

85
Medium Activity

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech