US$75 million Series B financing of ShopUp

A&G News 28 March 2022

Allen & Gledhill, as transaction counsel, advised Sequoia Capital India on its participation in the US$75 million Series B financing round of ShopUp.

ShopUp is a Bangladesh-based business-to-business (“B2B”) commerce platform offering B2B sourcing, logistics and financial services to micro, small and medium-sized enterprises. This financing marked the largest Series B funding for a B2B commerce platform in South Asia.

Advising Sequoia Capital India was Allen & Gledhill Partner Julian Ho.