Ula announced that it has received $87 million in its Series B round of funding co-led by Prosus Ventures N.V., Tencent Holdings Limited and existing investor, B Capital Group Management, L.P. on October 3, 2021. The transaction included participation from new investors, Bezos Expeditions, LLC, Northstar Advisors Pte. Ltd, AC Ventures, CitiusTech Inc., existing investors, Lightspeed Ventures, LLC, Sequoia Capital India Advisors Private Limited, Quona Capital Management Ltd. and Alter Global. The company has received $117.5 million in funding till date.