Ralali Confirms To Receive Series D Funding Of 155 Billion Rupiah Led By SBI Group and Bee Accelerate [UPDATED]

B2B marketplace startup Ralali confirmed the acquisition of Series D funding of $10,9 million (over 155 billion Rupiah) led by SBI Group, the previous investor leading the Series B round, and Bee Accelerate. Then followed by other investors, such as Beenos Asia, ICMG Partners, and Arbor Venture.

With the addition of these funds, since Ralali was initiated until now, it has managed to raise funds of more than $33,4 million (more than 476 billion Rupiah). Series C . round announced by the company in July 2019 for $13 million. Leading investors in the round were Arbor Ventures, TNB Aura, and ZIGExN Co., Ltd. founder, Jo Hirao.

To DailySocial.id, Founder and CEO Ralali Joseph confirmed the news. "This [funding] has been around for several months," he said.

Ralali's nine year development

Ralali started his business as B2B marketplaces since 2013 and is now spreading to various outside lines marketplace transformed into a group. Ralali Group aims to be one stop solution for business people. Apart from that, they focus on meeting the business needs of business people, so all channels focus on user suppliers and business people.

In line with market demand and business opportunities that continue to grow, Ralali Group develops business solutions to help business people build reputations and develop networks in the digital era. Platforms marketplace owned is now equipped with various business solutions, starting from financial (paylater), logistics, MSME support, and enablers, the result of collaboration with partners.

One of them is Ralali Connect, which is a platform aimed at MSME players to be able to own digital storefront and connect with various communities that have business interests that match the user's. Then, Ralali Agent as on-demand business platform become a solution to seek additional income for the community thereby helping businesses grow by providing collaboration between digital technology and the workforce in carrying out O2O processes (offline-to-online).

Next, the Ralali Solution Center is a forum for business people who still sell online offline You can join as a Ralali.com seller, so you can market your products online online. Ralali Solution Center bridges the gap between seller with corporations or clients of Ralali.com. Clients or buyers can make requests for goods via RFQ (Request For Quotation), one of the superior features of Ralali.com.

The next newly released innovation is Ralali Business Collection to open up opportunities for people who are planning to start a business by offering business packages and the best wholesale prices. This opportunity is open for coffee, basic food, contemporary beverages and automotive businesses.

Apart from that, the company has entered the health segment by producing Primero masks and presenting Neoclinic, a technology-based clinic. The clinic provides antigen swab services, rapid tests, drive thru, to home service, also released vitamin products. Also, enter the Indonesian porang (konyaku) processing industry by introducing FITMEE, healthy, low-calorie instant noodles. FITMEE was acquired by Ralali from The Fit Company and announced in company site.

In the latest data, it is claimed that Ralali.com has more than 1,3 million registered users, more than 20.000 vendors, 360 thousand products, and more than 6 million visits every month from all over Indonesia.

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*) We added direct confirmation from Ralali management regarding Series D funding