ShopUp, a Bangladesh-based startup seeking to digitalise mom-and-pop shops in the country, has raised $74.4 million in a Series B round led by Valar Ventures, according to Accounting and Corporate Regulatory Authority (ACRA) filings accessed by DealStreetAsia – DATA VANTAGE.
US-based venture capital fund Valar Ventures, a new investor in ShopUp, committed $45 million in the round and is now ShopUp’s largest investor with a 19.26% stake, according to DealStreetAsia’s calculations.
