Bangladesh-based B2B commerce startup ShopUp raises $65 million in funding

Oluwajuwonlo Afolabi -

ShopUp, 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.