Kuwaiti logistics firm Raha secured USD 6.7mn in pre-series A funding round

Kuwait-based logistics tech startup Raha raised USD 7 mn in a pre-series A funding round, according to a press release. The round was led by Soor Capital, PIF-backed private equity fund eWTPArabia Capital, KSA’s Aujan Enterprises, Kuwait’s Nox Management and London-headquartered VC Cedar Mundi Ventures. The latest round brings the firm’s raised capital to USD 14 mn, following an initial seed round that had raised USD 6.7 mn in 2022, the statement said.

What they said: “Our model is demonstrating its scalability and longevity, as we continue to expand our focus beyond our own e-commerce retail ventures to cement our role within the scope of the wider industry. This is proving especially effective in our recent expansions into both Saudi Arabia and the UAE,” said co-founder and CEO of Raha Salih Al Tunaib.

More investments in digital infrastructure are also in the cards: “As we expand, our focus remains on ensuring a smooth, efficient transition of both the customer experience and operational capabilities to the online domain,” Al Tunaib added.

About Raha: Established in 2022, Raha is a multi-sector technology company with operations in automation, robotics, and consulting. The company’s first project was Kuwait’s first fully automated e-grocery platform, dubbed ShopRaha. Since then, the company has launched br.tech, a consultancy that specializes in systems integration, robotics, and automation solutions for logistics, and Smooth Logistics, a 3PL service provider.