VC Fund Investments
Logistics startup RaRa raises $3.25 M from Sequoia Surge, Indonesia's East Ventures
Singapore-based logistics startup RaRa Delivery, which has operations in Indonesia, has raised USD 3.25 million (about INR 24.1 crore) in a funding round led by Sequoia Capital India's Surge and Indonesia's East Ventures. RaRa Delivery's tech team is based in India. The company aims to scale its India operations from 10 people to 40 in the next six months. RaRa Delivery is supported by 500 Startups, Angel Central, GK Plug and Play, and angel investors Royston Tay and Yang Bin Kwok. Founded in 2019 by Karan Bhardwaj, RaRa Delivery enables one to three-hour deliveries for e-commerce firms through its data-driven approach and proprietary technology.
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