About Ula
Ula is a company based in Jakarta (Indonesia) founded in 2020 by Nipun Mehra and Alan Wong.. Ula has raised $140.6 million across 4 funding rounds from investors including Tencent, Lightspeed Venture Partners and Prosus. Ula operates in a competitive market with competitors including Ablife, WEGOTRADE, WARJALI, Hey Farm and Orderplizz, among others.
- Headquarter Jakarta, Indonesia
- Founders Nipun Mehra, Alan Wong
-
Sectors
TechnologyRetail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
$121.32 M513as on Dec 31, 2022
-
Net Profit
$-43.07 M-122as on Dec 31, 2022
-
EBITDA
$-42.96 M-122as on Dec 31, 2022
-
Total Equity Funding
$140.6 M (USD)
in 4 rounds
-
Latest Funding Round
$23.1 M (USD), Series B
Nov 16, 2021
-
Investors
Tencent
& 18 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Ula
Ula has successfully raised a total of $140.6M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $23.1 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $23.1M
-
First Round
First Round
(10 Jun 2020)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Ula | Valuation | Tiger Global Management | |
| Oct, 2021 | Amount | Series B - Ula | Valuation | Tencent , Prosus | |
| Jan, 2021 | Amount | Series A - Ula | Valuation | Quona , B Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ula
Ula has secured backing from 19 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Tencent, Lightspeed Venture Partners and Prosus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture and private equity investments are managed with global diversification.
|
Founded Year | Domain | Location | |
|
Investment management and philanthropic ventures linked to Bezos Expeditions.
|
Founded Year | Domain | Location | |
|
Tech companies are invested in by this venture capital firm.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Ula
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Ula
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ula Comparisons
Competitors of Ula
Ula operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ablife, WEGOTRADE, WARJALI, Hey Farm and Orderplizz, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Delivers comprehensive retail store aggregation solutions for businesses.
|
|
| domain | founded_year | HQ Location |
B2B platform for food industry sales, ordering, and payments online.
|
|
| domain | founded_year | HQ Location |
Operates an online community-based B2B platform for grocery offerings.
|
|
| domain | founded_year | HQ Location |
Offers platforms for fresh produce and customized packages to businesses.
|
|
| domain | founded_year | HQ Location |
A digital distribution platform for basic necessities and other products.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Ula
Frequently Asked Questions about Ula
When was Ula founded?
Ula was founded in 2020.
Where is Ula located?
Ula is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of Ula?
Nipun Mehra is the current CEO of Ula. They have also founded this company.
Is Ula a funded company?
Ula is a funded company, having raised a total of $140.6M across 4 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Jun 10, 2020.
What is the annual revenue of Ula?
Annual revenue of Ula is $121.32M as on Dec 31, 2022.
What does Ula do?
Tech-driven platform for small retailers to manage their working capital and stock. Its B2B marketplace provides small retailers with different product assortment, prices, and delivery. It also offers store owners with unutilized space to become an pick-up point.
Who are Ula's investors?
Ula has 19 investors. Key investors include Tencent, Lightspeed Venture Partners, Prosus, Peak XV Partners, and Quona.