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Jeff Bezos Invests In Indonesian E-Commerce Startup Ula

  • October 4, 2021

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In a statement just now, Ula confirmed TechCrunch’s reporting, saying 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.

Check out the full article on TechCrunch.

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