Ralali Receives Series C Funding of Over 181 Billion Rupiah

Startups B2B marketplaces Ralali announced the acquisition of series C funding of $13 million (equivalent to 181,9 billion Rupiah) led by Arbor Ventures, TNB Aura, and the founder of ZIGExN Co., Ltd., Jo Hirao. Previous investors AddVentures and Qualgro participated in this round.

CEO Ralali Joseph Aditya explained that the company plans to use the fresh funds to strengthen its technology and team to strengthen Ralali's market penetration. And innovate to strengthen SMEs in meeting business needs.

This is because entrepreneurs in this segment do not have equal access to meeting needs, financing, logistics, and other needs because they do not have economies of scale and technology to manage and record data. Meanwhile, there are more than 60 million SMEs but only 8% of them are digitally literate.

"This funding will help us improve our technology and team to serve millions of Indonesian SMEs in meeting their business needs through Ralali. By becoming 'super app'"Buyers with specific business segments can find curated solutions for business needs, financing, and logistics products that are relevant to their respective businesses," Aditya said in an official statement.

Currently the company connects 12 thousand suppliers including big brands such as Unilever, Food Solutions, PaperOne, Asus, and others. More than 160 thousand entrepreneurs have utilized Ralali, handling nearly 300 thousand product SKUs on the platform.

Furthermore, around 500 thousand SMEs have been registered and the Ralali platform is visited by more than 5 million visitors every month.

One of the company's innovations in reaching entrepreneurs is to present the BIG Agent platform, freelancers on-demand who do surveys and educate the market to "go digital"There are 120 thousand agents spread across Jakarta, Java, Sumatra and Kalimantan.

The Ralali platform is designed as one stop solution for SMEs who want to order, looking for solutions to meet business needs, micro-loans and payment terms (term of payment) to facilitate access to financing. It is said that there are 1.500 MSMEs that have taken advantage of this financing solution.

It is claimed that Ralali recorded a significant 5 times GMV in 2018 and on-track towards 3-4 times growth for the year.