Prosus Ventures has joined existing backer Veon Ventures in a series B round for business commerce platform ShopUp.
Bangladesh-based business commerce platform ShopUp has raised $75m of series B funding from investors including telecommunications firm Veon and consumer internet group Prosus.
Venture capital firm Valar Ventures led the round, which also included fellow VC firms Sequoia Capital India and Flourish Ventures. Veon and Prosus invested through respective corporate venturing units Veon Ventures and Prosus Ventures.
ShopUp operates a full-stack, business-to-business commerce platform for small enterprises. Its offering includes a marketplace platform for ordering inventory as well as a…
