Instant delivery startup RaRa Delivery has raised $3.25 million in a round led by Sequoia Capital India’s Surge and Indonesia’s East Ventures. 500 startups, Angel Central, GK Plug and Play and angels such as Royston Tay and Yang Bin Kwok have also joined the round.
According to the Indonesian logistics startup, the proceeds will be used on its mission to move all Indonesian deliveries to instant and same-day delivery. RaRa Delivery’s tech team, which is based in India, aims to scale its operations from 10 to 40 in the next six months.
Founded by Karan Bhardwaj, RaRa provides last-mile logistics services for e-commerce businesses across Greater Jakarta by leveraging its asset-light model and real-time optimization technology.
RaRa claims it has been able to deliver three-hour deliveries by upto 20% cheaper due to the efficiencies of batching technology. It currently delivers for the Lazada, Shopee, and Bukalapak, among others.
Earlier in April 2020, RaRa had raised over $800k in its seed round led by 500 Startups. A syndicate of angel investors from Southeast Asia-focused Angel Central have also participated. It was also among the Surge’s 23 startups for its fifth cohort.