Valar Ventures, a venture capital firm, led a $75m Series B funding round in VEON's ShopUp, an e-commerce platform. Other investors include Prosus, Sequoia Capital India, VEON Ventures and Flourish Ventures. "We are building best-in-class infrastructure to support retail operations all over the country, adding new categories to serve the underserved small retailers and launching new financial products to meet the unarticulated needs of the retailers we serve," Afeef Zaman, ShopUp CEO and Co-Founder.