Karachi-based ecommerce logistics Pakistan startup Rider raised $2.3 million in seed money round led by Global Founders Capital, Fatima Gobi Ventures, and Asian Development Bank. TPL E-Ventures and Transhold also participated in the deal.
Rider Founded by Salman Allana in 2019 offers last-mile delivery servicers to ecommerce retailers through its technology platform. The Pakistan startup rider has more than 500 drivers and covers 80 cities in Pakistan.
They have delivered a total of 1.5 million ecommerce parcels and they have the success rate of 93%. Khaadi and Daraz are top clients of Rider.
Rider offers 24-hour cash repayment, 1-day lead time, cash now deliver later and much more to its clients, and thus rising above all the logistic companies.