Ralali Receives Series C Funding Worth Over 181 Billion Rupiah
The latest funding is to be used for technology development and team building
The B2B marketplace, Ralali announced Series C funding worth of $13 million (equivalent to 181.9 billion Rupiah) led by Arbor Ventures, TNB Aura, and ZIFExN Co., Ltd., founder, Jo Hirao. As previous investors, AddVentures and Qualgro also participate in this round.
Ralali's CEO, Joseph Aditya explained the fresh funding is to be used for technology development and team building to accelerate market penetration. Also to make innovation for SMEs to get better in the business assessment.
The thing is, business players in this segment have no access to the distribution of assessment, finance, logistics, and others. It's because they have no information regarding technology and economic scale for data management and reporting. While we have more than 60% SMEs, only 8% of those aware of digital technology.
"This funding is to support us in building better technology and team to assist millions of Indonesian SMEs for business assessment through Ralali. With us being the 'super app', buyers in segmented business can have curated and related solutions for assessment, finance, and logistics," he stated officially.
There are 12 thousand suppliers have been connected through the company, including big brands as Unilever, Food Solutions, PaperOne, Asus, and many more. More than 160 thousand entrepreneurs have been using Ralali, maintaining almost 300 SKU products in the platform.
Around 500 thousand SMEs registered into the platform with more than 5 million visitors per month.
Innovation has made to reach out to entrepreneurs by presenting BIG Agent, on-demand freelancers to work on the survey and market education to "go digital". There are currently 120 thousand agents around Jakarta, Java, Sumatra, and Kalimantan.
Ralali was created as a one-stop solution for SMEs to book, look for a business assessment, micro-lending product, and term of payment. There are 1,500 SMEs have been using the financial solution.
Ralali is said to have significant GMV as 5 times over the last year and up for 3-4 times this year.
–Original article is in Indonesian, translated by Kristin Siagian