# Ula

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ula

- Industry: Internet
- Headquarters: Jakarta Selatan, Indonesia
- Website: www.landing.ula.app
- Total disclosed funding: $146M
- Latest round: Series B (Nov 16, 2021)
- Investors on record: 17

## About

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. The company raised its Series A funding round in January 2021 led by Quona Capital and B Capital Group, Lightspeed India Partners, and Sequoia Capital. 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.

## Funding rounds

- Series B, Nov 16, 2021, $110M — Lightspeed Venture Partners, Hong Shan, Tiger Global Management, Tencent Investment, Quona Capital, B Capital, Prosus Ventures, AC Ventures, Alter Global, Three State Capital, Citius, EXPLORE INVESTMENTS LLC
- Series A, Mar 29, 2021, $26M — Lightspeed Venture Partners, Hong Shan, Quona Capital, Sino-Ocean Capital, Alter Capital, B Capital, Saison Capital, AC Ventures, Alternate Iota Investment Pte. Ltd.
- Seed, Jun 11, 2020, $11M — Lightspeed Venture Partners, Hong Shan, Analog Capital

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A, Series B
- Hong Shan — Seed, Series A, Series B
- Analog Capital — Seed
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Series A, Series B
- Sino-Ocean Capital (https://capitalatlas.ai/funds/sino-ocean-capital) — Series A
- Alter Capital (https://capitalatlas.ai/funds/alter-capital) — Series A
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series A, Series B
- Saison Capital (https://capitalatlas.ai/funds/saison-capital) — Series A
- AC Ventures — Series A, Series B
- Alternate Iota Investment Pte. Ltd. — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- Tencent Investment — Series B
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series B
- Alter Global (https://capitalatlas.ai/funds/alter-global) — Series B
- Three State Capital — Series B
- Citius (https://capitalatlas.ai/funds/citius) — Series B
- EXPLORE INVESTMENTS LLC — Series B