Rider – A Pakistani Startup, Bags $2.3 Million in Seed Funding Round

Startup, Entrepreneurship, E-Commerce,

Rider is a tech-based Pakistani startup that has become extremely successful in bagging funds. It has gathered 2.3 million dollars through seed funding. This process was led under the Global Founders Capital, Asian Development Bank and Fatima Gobi Ventures. The startup gained success of 93% in the market. The company envisions making the logistics system much more efficient and unparalleled across the country.

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Rider is basically a startup providing delivery services of goods. It started in the year 2019. Their service model is based on the B2B2C E-commerce formula. They are composed of a fleet of 500 agents. This team provided services even during peak hours. The company managed to get the big names by their side too. This list includes brands like Khaadi and Daraz. Interestingly, the company has successfully delivered more than 1.5 Million parcels all over the country. The service is presently active in more than 80 cities in Pakistan, which is a great achievement.

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Keeping this progressive model in mind, the company intends to bring newer and efficient logistics to the country. It will help bring financial stability and more job opportunities for the people.