After merger with India’s Voonik, Bangladesh’s ShopUp raises $22.5 mn

Bangladesh-based ShopUp has raised the country's largest Series A funding at $22.5 million co-led by Sequoia Capital India and Flourish Ventures. VEON Ventures, Speedinvest and Lonsdale Capital Partners also participated in the round. The B2B commerce platform acquired Bengaluru-based Voonik earlier this year in February and opened an office to hire local Indian tech talent.