Instant delivery startup RaRa Delivery announced that it has raised US$3.25 million in seed funding led by Sequoia Capital India’s Surge and Indonesia’s East Ventures. The funding is also supported by by 500 Startups, Angel Central, GK Plug and Play and angel investors Royston Tay and Yang Bin Kwok.
Founded in 2019 by Karan Bhardwaj, the logistics startup uses proprietary batching technology to do "many-to-many" deliveries. This allows for more deliveries to be done with fewer time and brings down the cost for customers.
RaRa Delivery is on an ambitious mission to revolutionise the eCommerce industry by offering instant deliveries around Southeast Asia, starting with Indonesia.