Indonesian e-commerce startup Ula, which has raised over $30 million and courted many high-profile investors since launching last year, had also grabbed attention of world’s richest man and now raised over $30 million as per report.
Jeff Bezos has agreed to invest on Ula through his own family office, Bezos Expeditions, humans stated, requesting anonymity as the problem is private. B Capital Group, Tencent and Prosus Ventures are positioning to co-lead the round, that may close as soon as this month.
Bezos’ interest in Ula, which operates a business-to-business e-commerce platform, comes at a time when Amazon has both no longer entered maximum Southeast Asian countries — or continues a confined presence there.
Public relations reps of Ula did not reply to requests for touch upon Saturday.
Ula enables small shops clear up inefficiencies that they face in supply chain, inventory and running capital. It operates a wholesale e-trade market to help save owners inventory handiest the inventory they need, and additionally grants them with working capital.
The startup become based via Nipun Mehra (a former government of Flipkart in India and ex-companion at Sequoia Capital India), Alan Wong (who formerly worked with Amazon), Derry Sakti (who oversaw client goods large P&G’s operations in Indonesia), and Riky Tenggara (formerly with Lazada and aCommerce).