Indonesian B2B commerce firm Ula's losses surged over 4x to $19.42m in 2021

Indonesian B2B commerce firm Ula's losses surged over 4x to $19.42m in 2021

Left to right: Ula’s founders Riky Tenggara (COO), Derry Sakti (CCO), Nipun Mehra (CEO), Alan Wong (CTO)

Indonesian business-to-business (B2B) online marketplace Ula’s losses surged 4.3x in the financial year ended December 31, 2021, according to its recent regulatory filings.

Edited by: Deepshikha Monga