Rider, a Karachi – based E-commerce logistics startup, has raised USD 2.3 million in a seed round led by venture capital firm Global Founders, Fatima Gobi ventures and Asian Development Bank. According to a press release, TPL E-Ventures and Transhold also participated in the deal.
The B2B2C service, founded by Salman Allana and launched in 2019, offers delivery services to e-commerce businesses in Pakistan. With over 500 riders and coverage expanding through 80 cities, Rider has allegedly delivered 1.5 million e-commerce parcels since its inception, with a commendable 93 percent success rate.
Rider has made a mark in the saturated Pakistani e-commerce industry through its belief in “technology moves everything”, utilizing technology such as route optimization software, live scheduling and automated warehousing, allowing the firm to operate efficiently.
With an ever-increasing competition and growing innovation in technology giving rise to new customer centric solutions, we can’t wait to see Rider’s future endeavors and contributions to the Pakistani E-commerce industry.