One-and-a-half-year-old Indonesian e-commerce startup Ula, which has raised over $30 million and courted many high-profile buyers, has added one of many greatest tech profiles to its captable.
The Jakarta-headquartered startup — which counts B Capital Group, Sequoia Capital India, Lightspeed Enterprise Companions, and Quona Capital amongst its current buyers — is in superior phases of talks to finalize a brand new spherical of over $80 million wherein Jeff Bezos, founding father of Amazon and world’s richest individual, can be investing, in line with two sources accustomed to the matter.
Bezos has agreed to spend money on Ula by way of his household workplace, Bezos Expeditions, sources mentioned. B Capital Group, Tencent and Prosus Ventures are positioning to co-lead the spherical, which may shut as quickly as this month.
Bezos’ curiosity in Ula, which operates a business-to-business e-commerce platform, comes at a time when Amazon has both not entered most Southeast Asian nations — or maintains a restricted presence there.
Public relations reps of Ula didn’t reply to requests for touch upon Saturday.
Ula helps small retailers remedy inefficiencies that they face in provide chain, stock and dealing capital. It operates a wholesale e-commerce market to assist retailer homeowners inventory solely the stock they want, and likewise grants them with working capital.
The startup was based by Nipun Mehra (a former govt of Flipkart in India), Alan Wong (who beforehand labored with Amazon), Derry Sakti (who oversaw client items big P&G’s operations in Indonesia), and Riky Tenggara (previously with Lazada and aCommerce).