JAKARTA -- Indonesian business-to-business marketplace Ula is currently in "hibernation" by pausing operations for "several months" due to tough economic conditions, sources told DealStreetAsia.
DealStreetAsia
Indonesian startup Ula pauses operations for several months
Business-to-business marketplace confirms fresh layoffs
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Founded in 2019, Ula backed by prominent venture capital investors including Lightspeed Venture Partners, Sequoia Capital India and B Capital Group. (Screenshot from Ula's website)
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