RaRa Delivery raises over US$800K funding
RaRa Delivery, a last-mile, same-day delivery service for e-commerce businesses in Southeast Asia, has secured US$834,000 in a seed funding round, led by 500 Startups, with angel investment from Angel Central led by Der Shing Lim.
Other investors in the round are GK-Plug n Play; Royston Tay, Co-founder and former CEO at Zopim (acquired by Zendesk); Yang Bin Kwok, Co-Founder and ex-CTO at Zopim; Vidit Agrawal, Head of BD at Stripe; Neelesh Suryavanshee, VP Marketing, Unilever Indonesia; and Vishal Gupta, VP Digital Transformation, Unilever.
Karan Bhardwaj, Founder and CEO of RaRa Delivery, said that the funds will be used to acquire talent in Business Development, Operations, and Technology to further expand RaRa’s business in Indonesia.
With e-commerce GMV in Indonesia expected to reach around US$97 billion by 2025, consumers are now looking for faster and convenient delivery options, preferably a one-day delivery.
E-commerce giants such as Lazada, Shopee, and Bukalapak have already leveraged RaRa’s express same-day delivery services. RaRa is a graduate of GK-Play and Play Indonesia Batch 4 in April 2019.