ShopUp, Bangladesh’s full-stack B2B commerce platform, which merged with India's fashion-focused etailer Voonik in 2020, said it raised $75 million in a Series B round led by Peter Thiel’s Valar Ventures.
The round also included investment from Prosus Ventures (formerly Naspers Ventures) along with existing investors Flourish Ventures, Sequoia Capital India, and VEON Ventures.
ShopUp's new funding round comes 10 months after it announced its Series A round of $22.5 million. The startup also increased its ESOP pool three-fold.
