Jeff Bezos in talks to again Indonesian e-commerce Ula – TechCrunch


One-a-half-year-old Indonesian e-commerce startup Ula, which has raised over $30 million and courted many high-profile traders, is inching nearer to including one of many largest tech profiles to its captable.

The Jakarta-headquartered startup — which counts B Capital Group, Sequoia Capital India, Lightspeed Enterprise Companions, and Quona Capital amongst its present traders — is in superior phases of talks to finalize a brand new spherical of over $80 million by which Jeff Bezos, the founding father of Amazon, can be investing, in line with two sources acquainted with the matter.

The spherical might shut as quickly as this month.

Bezos’ curiosity in Ula, which operates a business-to-business e-commerce platform, comes at a time when Amazon has both not entered most Southeast Asian nations — or maintains a restricted presence there.

Public relations reps of Ula didn’t reply to requests for touch upon Saturday.

Ula helps small retailers remedy inefficiencies that they face in provide chain, stock and dealing capital. It operates a wholesale e-commerce market to assist retailer homeowners inventory solely the stock they want, and likewise grants them with working capital.

The startup was based by Nipun Mehra (a former govt of Flipkart in India), Alan Wong (who beforehand labored with Amazon), Derry Sakti (who oversaw shopper items big P&G’s operations in Indonesia), and Riky Tenggara (previously with Lazada and aCommerce).


Please enter your comment!
Please enter your name here