Friday, 24 March, 2023

Indonesian startup Ula gets Bezos' backing

<p>Ula, an Indonesian e-commerce startup had confirmed that it has raised $87M in a Series B funding round. The round was co-led by Prosus Ventures, Tencent, and B Capital, while Amazon CEO Jeff Bezos also participated. Bezos has agreed to invest in Ula through his family office, Bezos Expeditions, at a time when Amazon is looking to expand its foothold in the Southeast Asian markets. While the round is expected to close soon, no further details have been released.</p> <p>&nbsp;</p> <p>&nbsp;</p>