The Sinar Mas and Credit Saison-backed, brick-and-mortar retailer-focused trading platform has secured funding in a series A round co-led by B Capital Group.
B Capital Group, a venture capital firm backed by consultancy Boston Consulting Group, has co-led a $20m series A round for Indonesia-based supply chain marketplace Ula, TechCrunch reported yesterday.
The round was co-led by Quona Capital and included fellow VC funds Sequoia Capital India and Lightspeed India.
Founded in 2020, Ula operates a business-to-business (B2B) e-commerce platform that enables small retailers to buy supplies including fast-moving consumer goods and agricultural products. Store owners can also borrow capital from the company…
