Indonesian B2B marketplace Ula raises $20m Series A led by Quona, B Capital

Indonesian B2B marketplace Ula raises $20m Series A led by Quona, B Capital

Left to right: Ula’s founders Riky Tenggara (co-founder and COO), Derry Sakti (co-founder and CCO), Nipun Mehra (co-founder and CEO), Alan Wong (co-founder and CTO)

Jakarta-based wholesale e-commerce marketplace Ula has raised $20 million in a Series A round led by existing investor Quona Capital and B Capital Group. Existing investors Sequoia Capital and Lightspeed also participated in the fundraising.

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