Photo credit: Ula

WHY WE INVESTED

Reinventing the way small shops across Indonesia get their inventory

Ula’s e-commerce platform gives more than 20,000 mom-and-pop shops across Indonesia a better way to stock their shelves in the midst of the pandemic.

In Indonesia, nearly 80 percent of all retail spending happens via traditional in-store shops, making these small family-run stores integral to daily life and an important economic pillar across the country.

Quona Capital is a venture firm specializing in financial technology for inclusion in emerging markets. Learn more at quona.com.