Daily Markup #317: RaRa Delivery bags US$3.25M for same-day delivery service; Tech In Asia workshop for founders by Vishal Harnal; Three 500-backed startups make the Forbes Asia 100 to Watch list

Credit: RaRa Delivery

Delivering at another level

  • 500-backed logistics startup RaRa Delivery has raised US$3.25 million in seed funding led by Sequoia Capital India’s Surge program and East Ventures.
  • Its goal? To offer same-day deliveries in Indonesia without burning cash like many on-demand logistics providers. It will use the fresh funding to expand its product offerings.
  • The batching engine is a proprietary innovation that was created as a more scalable and sustainable alternative. It batches orders and optimizes delivery routes based on data like real-time traffic information.
  • According to RaRa Delivery, its daily order volume has grown 15 times over the past year. It plans to focus on Tier 1 cities in Indonesia before expanding into smaller cities and covering all of Indonesia within a couple of years. Then the startup plans to expand into other countries.
  • Read the full article on TechCrunch here.

Credit: Tech In Asia

A leg up for founders

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  • Mark your calendars – on 26 August, Vishal Harnal, Managing Partner at 500 Southeast Asia will be leading a Tech In Asia Live workshop for founders on how they can sharpen strategic thinking skills.
  • Vishal will be covering topics such as:
    • How to create your unique strategic-thinking framework
    • Methodological approaches to break down problems and make strategic decisions
    • How to operationalize long-term visions to short-term action plans
  • This event is complimentary for Tech in Asia’s Core and Live subscribers. A single pass is available at US$18.90.
  • For more information and to RSVP, click here.

Credit: Forbes

Small but formidable

  • Forbes published its inaugural Forbes Asia 100 to Watch list, casting a spotlight on notable small companies and startups on the rise across the Asia-Pacific region.
  • Via nominations from accelerators, incubators, SME advocacy organizations, universities, venture capitalists, and more, 100 were selected from over 900 submissions.
  • Three 500-backed startups made the list:
    • Haulio, a logistics startup that aims to be the Uber of Southeast Asia trucking
    • Parcel Perform, a parcel tracking service for e-commerce companies
    • Transcelestial Technologies, a tech startup that provides internet connections to underserved and congested areas at a cheaper and faster rate
  • Get the full list on Forbes here.

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