Bangladeshi retail tech startup ShopUp raises $74.4m from Valar Ventures and others

Photo: Adismara Putri Pradiri / Unsplash.com

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.

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