20$ Million Investment in Ula for Indonesia E-Commerce Market Place


Started in Jan 2020, with idea inspection since 2019 by Nipun Mehra, Alan Wong, Derry Sakti, Riky Tenggara who have footsteps in India, Indonesia and Singapore.

Inspite of pandemic year we have, Ula have done very well; they have 20,000 small retailer in Indonesia primary in Java where they have strong presence into essential goods, FMCG, Staples and fresh produces with other fragmented with intention to include apparel and electronics.

company have raised this amount in Series A round where its being led by B Capital Group and Quona Capital along with Sequoia Capital India and Lightspeed.