Ula App
Latest round
- Series B
Last raised
- Nov 2021
Total raised
- $141M
Investors
- 14
About Ula App
Ula App, founded in 2019 in Jakarta, Indonesia, functions as a B2B marketplace for small retailers, facilitating improved supply chain management. The company was co-founded by Alan Wong, Derry Sakti, Nipun Mehra, and Riky T. Nipun Mehra currently serves as CEO.Ula's core offerings focus on empowering small retailers through a technology-driven B2B marketplace that facilitates efficient management of working capital and inventory. This platform allows small business owners to access a broad assortment of over 10,000 stock-keeping units (SKUs), enabling them to purchase products at competitive prices while ensuring reliable delivery to their stores. The marketplace primarily serves small retailers in Indonesia, addressing critical pain points in supply chain management by improving their operational efficiencies and profit margins. Additionally, Ula supports entrepreneurial initiatives through its community selling program, encouraging individuals with aspirations of starting their own businesses to participate.Ula generates revenue through a structured transaction model that connects small retailers with suppliers and manufacturers. The platform operates on a commission basis for each transaction completed on its marketplace, facilitating a seamless B2B purchasing experience. Retailers can engage in direct purchasing from the marketplace, allowing them to replenish stock efficiently and maintain competitive pricing for end consumers. Ula's revenue structure includes partnerships with various stakeholders in the supply chain, enhancing its business ecosystem. The company aims to support underserved retailer communities through technology in tier 2-4 cities. Although specific new products and release dates were not provided, Ula is focused on enhancing its platform to better serve its expanding user base.
Who invested in Ula App
14 investors across 4 rounds
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Questions about Ula App
Who invested in Ula App?
Ula App has 14 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Ula App raised?
Ula App has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Ula App last raise money?
Ula App's most recent round on record is a Series B, in Nov 2021.
What does Ula App do?
Ula App, founded in 2019 in Jakarta, Indonesia, functions as a B2B marketplace for small retailers, facilitating improved supply chain management.
Where is Ula App headquartered?
Ula App is headquartered in Jakarta, Indonesia.
Which VCs invest in companies like Ula App?
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 App's stage. Their profiles are linked below.
VCs backing internet startups at Series B
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