Indonesia's Ula winds down, offers partial investor payout

Indonesia's Ula winds down, offers partial investor payout

Nipun Mehra, Co-Founder & CEO Ula / Ula

The founders of Ula, which was last valued at over $500 million, are offering to return about 30% of the total capital raised to investors as they liquidate the Indonesian warung-tech company and launch a new venture.

Edited by: Pramod Mathew