JAKARTA - B2B marketplace Ralali has closed a US$ 13 million Series C funding round, with investors participating including Arbor Ventures, TNB Aura, and AddVentures.
Ralali, initially started as an online industrial store, currently connects 12,000 suppliers such as Unilever Food Solutions, Asus, and P&G with over 500,000 MSMEs across Indonesia. As well as web and mobile platforms, the startup also provides financing solutions for MSMEs.
“Our mission is to help traditional SME grow by leveraging digital tech. This funding will help us scaling up our technology and our team to serve millions of Indonesian MSMEs in fulfilling their business needs through Ralali.com’s digital platform,” said Ralali CEO Joseph Aditya as quoted by DealStreet Asia, Friday (26/7).
“By becoming a super app, a buyer of designated segment can find curated solutions on merchandises, financing and logistics relevant to their business.” (MS)