Ula likely to close down Indonesia office, looks to transition to asset-light business

Ula likely to close down Indonesia office, looks to transition to asset-light business

Nipun Mehra, CEO, Ula

Indonesian B2B marketplace Ula, which once earned fame and fortune as the first Southeast Asian startup to be backed by Amazon’s Jeff Bezos, is likely to close down its office after being in a “hibernation” phase in the last few months.

Edited by: Pramod Mathew

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