# TPL Logistics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tpl-logistics

- Industry: Consumer Services
- Headquarters: Karachi, Pakistan
- Website: www.withrider.com
- Total disclosed funding: $5.4M
- Latest round: Seed (Jun 20, 2022)
- Investors on record: 10

## About

TPL Logistics Limited specializes in e-commerce logistics, providing efficient product pickup, transportation, and delivery services for merchants in Pakistan, enhancing operational flexibility and cash flow through innovative payment solutions.Founded in 2019, TPL Logistics Limited operates as an independent company based in Karachi, Pakistan. The firm focuses on providing logistics solutions specifically catering to the e-commerce sector. CEO and founder Salman Allana has prior entrepreneurial experience. TPL Logistics Limited has completed 2 deals, with its most recent funding round being a Seed round on June 20, 2022, where it raised USD 3.1 mn from investors including Flexport, Inc., Global Founders Capital, and Y Combinator, bringing the total amount raised to USD 3.1 mn.Rider, the brand under TPL Logistics, offers comprehensive e-commerce logistics solutions that streamline product pickup, transportation, and delivery across Pakistan. The services include real-time tracking via a user-friendly portal and mobile app, specifically designed to meet the logistical needs of small and medium-sized enterprises (SMEs). Rider's unique payment model allows merchants to receive payments upon product pickup, enhancing cash flow and operational flexibility, while catering to various urban centers in Pakistan such as Karachi, Lahore, and Islamabad.Rider's revenue model is built around logistics services including direct-to-consumer delivery and collaborations with SMEs. The innovative payment mechanism enables merchants to receive funds upon product collection, ensuring liquidity and improving transaction efficiency. The app facilitates transparency and immediate support, fostering trust and repeat business. The company's focus on safety, convenience, and comprehensive tracking positions it competitively within the logistics market.Following its Seed funding round in June 2022, TPL Logistics Limited aims to expand its service offerings and enhance its technological capabilities. The company is exploring the launch of new products designed to improve logistics efficiency. Additionally, plans are underway to extend operations beyond existing urban centers into new markets across Pakistan by the end of 2023. The recent funding of USD 3.1 mn will support these initiatives, ensuring further development and scalability within the e-commerce logistics sector.

## Funding rounds

- Seed, Jun 20, 2022, $3.1M — Y Combinator, Global Founders Capital, Flexport, Inc., Soma Capital Management, Rebel Fund, I2I Ventures, Fatima Gobi Ventures
- Seed, Oct 20, 2021, $2.3M — Asian Development Bank, Global Founders Capital, TPL e-Ventures, Fatima Gobi Ventures, Transhold

## Investors

- Asian Development Bank — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- TPL e-Ventures (https://capitalatlas.ai/funds/tpl-e-ventures) — Seed
- Fatima Gobi Ventures (https://capitalatlas.ai/funds/fatima-gobi-ventures) — Seed
- Transhold — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Flexport, Inc. — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Rebel Fund (https://capitalatlas.ai/funds/rebel-fund) — Seed
- I2I Ventures (https://capitalatlas.ai/funds/i2i-ventures) — Seed