ShopUp, a startup digitising local stores in Bangladesh, has raised $75M in a new financing round. The round was led by Peter Thiel’s Valar Ventures, with participation from Prosus Ventures, Flourish Ventures, Sequoia Capital India, and VEON Ventures. ShopUp also has a Bangalore, India office, where most of its tech and engineering talent is located. The funds will be used to hire more manpower and expand the business.

Source: Techcrunch