Ula

InternetSeries BJakarta Selatan, Indonesialanding.ula.app

Latest round

Series B

Last raised

Nov 2021

Total raised

$146M

Investors

17

About Ula

Based in Jakarta, Indonesia, and founded in 2020, PT Jembatan Akar Teknologi trades under the name Ula, a mobile application for small retailers. The company was co-founded by Nipun Mehra, Alan Wong, Derry Sakti, and Riky Tenggara. In February 2025, Ula discontinued its operations. The company operates as a developer of a retail marketplace platform that empowers retail stores and enables them to manage their working capital and stocks. The company also enables store owners to find suppliers and expand their business. The company plans to utilize the capital to grow its geographical footprint, expand the suite of products and services, and move into new categories.

Who invested in Ula

17 investors across 3 rounds

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Funding rounds

  1. Series B

    Nov 16, 2021

    Amount

    $110M

    Investors

    Locked

  2. Series A

    Mar 29, 2021

    Amount

    $26M

    Investors

    Locked

  3. Seed

    Jun 11, 2020

    Amount

    $11M

    Investors

    Locked

Questions about Ula

Who invested in Ula?

Ula has 17 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Ula raised?

Ula has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did Ula last raise money?

Ula's most recent round on record is a Series B, in Nov 2021.

What does Ula do?

Based in Jakarta, Indonesia, and founded in 2020, PT Jembatan Akar Teknologi trades under the name Ula, a mobile application for small retailers.

Where is Ula headquartered?

Ula is headquartered in Jakarta Selatan, Indonesia.

Which VCs invest in companies like Ula?

Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back internet companies at Ula's stage. Their profiles are linked below.

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