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# Bangladesh-based B2B commerce startup ShopUp raises $65 million in funding
- URL: https://www.techloy.com/bangladesh-based-b2b-commerce-startup-shopup-raises-65-million-in-funding/
- Published: 2022-06-27T15:49:23.000Z
- Updated: 2022-12-08T01:59:15.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: E-commerce, Tech in Bangladesh

[ShopUp,](https://shopup.com.bd/) a Bangladesh-based business-to-business (B2B) commerce startup has raised $65 million in its new funding round led by Valar Ventures, with participation from others.

- ShopUp is a commerce platform offering wholesale marketplace, logistics, and capital provision to small businesses.
- The startup has recorded 4x growth, it claims.
- It last raised $109 million in its Series B funding round from its existing investors including Valar Ventures, Tiger Global, Prosus Ventures, Flourish Ventures, Sequoia Capital, and Veon Ventures.