Bangladesh-based B2B e-commerce startup ShopUp has raised $22.5 million as part of its Series A round co-led by Sequoia Capital India and Flourish Ventures. VEON Ventures, Speedinvest and Lonsdale Capital (Singapore) also participated in the round. The funding will help in increasing ShopUp’s retail reach, as it deepens its partnerships with manufacturers, and focues on building tech-first infrastructure.

(Live Mint)