Indonesian B2B marketplace Ralali closes $13m Series C co-led by Arbor Ventures

Photo: Ralali

Indonesian online B2B marketplace Ralali has closed a $13-million Series C funding round from new and existing investors, it announced on Friday.

The round was led by Arbor Ventures, TNB Aura and Jo Hirao, the founder of life media platform ZIGExN. Existing investors AddVentures and Qualgro also participated in the round.

Having started out as an online industrial store, Ralali.com has transformed into a B2B marketplace that currently connects 12,000 suppliers including Unilever Food Solutions, PaperOne, Asus, Siam Cement Group and P&G with more than half-a-million micro, small and medium enterprises (MSMEs) across Indonesia.

In addition to a website and mobile app for placing orders, the company now also offers fulfilment and 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. By becoming a super app, a buyer of designated segment can find curated solutions on merchandises, financing and logistics relevant to their business.” said Ralali CEO Joseph Aditya.

The company claims to have grown its gross merchandise value 5x in 2018 and says it is on track to register 3-4x growth across 25 cities in Indonesia this year.

Ralali had also outlined its international expansion plans after raising $7 million last year in a Series B round led by Japan’s SBI Group, Addventures and global incubator Digital Garage.

It plans to enter the Thai market in collaboration with local industrial supplies giant Siam Cement Group, the parent company of Addventures.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.