$7 million for Raha to automate e-commerce logistics

🚀 Here’s Raha! A Kuwait-based start-up specialising in automating e-commerce logistics through robotics.

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And they just raised $7 million in its pre-series A funding round, bringing the company's total funds to $14 million. 

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Not too shabby for a year’s work right?!

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• Founded in 2022 by Saleh AlTunaib, Raha has swiftly expanded from a small core team to an impressive roster of over 166 employees across multiple verticals.

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💰 Investor low-down: The latest funding round was led by Soor Capital and eWTP Arabia Capital. 

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• This follows their initial seed round of $6.7 million, supported by KSA’s Aujan Enterprises, Kuwait’s Nox Management, and Cedar Mundi Ventures based in London.

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🌐 The logistics labyrinth

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MENA’s e-commerce market is booming, yet the logistics sector still reliant on more traditional methods is struggling to keep up.

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The result? Inefficiencies and delivery delays.

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With the Middle East's e-commerce market expected to reach $50 billion by 2025, the need for advanced logistics solutions to improve the experience from first to last mile is vital.

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🚚 Grocery delivery

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ShopRaha, the company's first concept launched in Kuwait, is a fully automated e-grocery platform that provides a seamless experience with a precisely controlled full cycle of logistics - from procurement to last-mile delivery. 

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It's become a leading player in Kuwait's grocery e-commerce market, tripling its revenue since starting, and was recently recognised as one of Kuwait's top startups at the Forbes' Top Entrepreneurs 2023 Forum.

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🪹 Spreading its wings 

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Following this successful proof of concept, Raha aims to extend its reach beyond e-commerce ventures and enhance its industry footprint through its two primary verticals.

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1. 🤖 Btr.tech: an intelligence-based logistics consultancy specialising in systems integration, robotics, and automation with smart software. It’s been making inroads in KSA and the UAE of late

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2. ⚙️ Smooth Logistics: started in 2023, it’s a 3PL service provider that helps companies move to digital platforms smoothly and sustainably and is already serving regional clients.