Ula Snags 1.24 Trillion Rupiah Series B Funding, to Release Paylater Product for Warung
Participated also Jeff Bezos' VC "Bezos Expeditions", Northstar Group, AC Ventures, Citius, and a series of previous investors
Ula snags $87 million in series B funding (approximately 1.24 trillion Rupiah) led by Prosus Ventures, Tencent, and B-Capital. Also participating in this round, the Bezos Expeditions, a VC created by Amazon founder Jeff Bezos; along with other leading investors, Northstar Group, AC Ventures, and Citius.
Ula's previous investors, including Lightspeed India, Sequoia Capital India, Quona Capital and Alter Global cut another check in this round. On this occasion, Ula also announced that AC Ventures Founding Partner, Pandu Sjahrir was appointed as the company's advisor.
This funding was announced eight months after the series A funding in January. Collectively, the company has raised a total of $117.5 million in funding within 20 months since its founding.
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