- Kuwait-based logistics tech firm Raha recently completed a successful pre-Series A funding round, securing an additional USD 7 million.
- The funding, led by Soor Capital and eWTP Arabia Capital (a Private Equity Fund backed by PIF), brings Raha’s total capital to an impressive USD 14 million.
- Since its inception in 2022, its flagship project, ShopRaha—an innovative e-grocery platform—features the region’s first fully automated robotics-fulfillment center and chilled automated warehouse.
Raha, the flourishing logistics technology company based in Kuwait, has successfully concluded its pre-Series A funding round, securing additional funding of USD 7 million, according to a statement.
This round was led by Soor Capital and eWTP Arabia Capital, a Private Equity Fund backed by the Public Investment Fund (PIF).
The latest investment brings Raha’s total funding to an impressive USD 14 million.
Raha initially raised USD 6.7 million in seed funding, with investors including Aujan Enterprises from Saudi Arabia, Nox Management from Kuwait, and Cedar Mundi Ventures from London.
Since its inception in 2022, Raha has rapidly expanded as a multi-sector technology and automation provider, notably achieving success with its flagship project, ShopRaha—an innovative e-grocery platform featuring the region’s first fully automated robotics-fulfillment center and the first chilled automated warehouse globally.
With the recent funding, Raha aims to strengthen its presence in the Saudi Arabian and UAE markets.
The company’s two primary verticals, btr.tech and Smooth Logistics, focus on intelligence-driven logistics consultancy, systems integration, and third-party logistics (3PL) services, reflecting Raha’s commitment to disrupting traditional models and reshaping the e-commerce landscape.
Saleh Al-Tunaib, Co-Founder and CEO of Raha highlighted the company’s mission to blend technology and logistics expertise, offering a scalable and long-lasting e-commerce experience.
As Raha expands, it emphasizes the importance of investing in digital infrastructure for operational excellence.
The funding is expected to further establish Raha as a key player in the automation and robotics industries, contributing to the development of the Middle East and North Africa (MENA) markets.
ShopRaha, the company’s flagship business, has achieved significant growth, recording a 3x increase in its top-line since its launch in April 2022.
Recognized as one of Kuwait’s top start-ups at Forbes’ Top Entrepreneurs 2023 Forum, ShopRaha continues to set benchmarks in the competitive grocery e-commerce market, offering a seamless end-to-end logistics cycle from procurement to last-mile delivery.
Raha’s CEO, Saleh Al-Tunaib, envisions the company playing a pivotal role in shaping the automation and robotics industries in the region, emphasizing a holistic approach to e-commerce success and the importance of a smooth transition to the online domain for both customer experience and operational capabilities.
Jerry Li, Founder and Managing Partner of eWTP Arabia Capital expressed optimism about Raha’s potential to aid aspiring companies in their growth and expansion journeys, contributing to the development of the MENA region.
Mohammed Razzouqi, Partner at Soor Capital, acknowledged Raha’s tangible success and anticipated its increased role in influencing the region’s automation and robotics sectors as a consultant and service provider.
Raha’s remarkable journey from a small team to a regional standout underscores its status as a homegrown success story and a standout start-up in the logistics tech sector.
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