Wholesale Automation software
2020. Ula raises $10.5 million for its wholesale e-commerce marketplace
Indonesian startup Ula, which aims to help small retailers solve inefficiencies that they face in supply chain, inventory and working capital, has raised $10.5 million in a new financing round. Ula operates a wholesale e-commerce marketplace to help store owners stock only the inventory they need, and also grants them with working capital. It operates in Indonesia, where like other Asian markets, traditional retail still accounts for the vast majority of retail sales in the country. These shop owners, several run by families, know how to run their businesses in a cost-efficient manner. But they struggle with accessing working capital and sourcing inventories.
2015. Cloud inventory management service TradeGecko snags $6.5M
TradeGecko, the SaaS service that lets business owners manage inventory and orders without resorting to spreadsheets or enterprise resource planning (ERP) software, has raised a $6.5 million Series A round. The funding will be used to hire new employees, including customer support staff, build new product features, and expand TradeGecko’s operations in the U.S. and Australia. TradeGecko’s platform is targeted toward B2C retailers as well as wholesalers. Most of the startup’s customers make about $1 million to $30 million in revenue per year, though the range goes up to about $95 million. Many of TradeGecko’s customers can’t justify the cost of SAP software, says Priest. Its subscription pricing model is based on how many customers a business services and which features they need. The cloud-based software, accessible on desktop computers and mobile devices, integrates with accounting, shipping, and e-commerce platforms like Quickbooks, Xero, Shopify, Bigcommerce, and ShipStation.