About Rasan
Rasan is a company based in Riyadh (Saudi Arabia) founded in 2015 by Moayad Alfallaj.. Rasan has raised $24 million across 1 funding round from investors including Impact46. Rasan operates in a competitive market with competitors including Al Rajhi Takaful, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Moayad Alfallaj
- Stage Public
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24 M (USD)
in 1 rounds
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Latest Funding Round
$24 M (USD), Series B
Nov 17, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of Rasan
Rasan has successfully raised a total of $24M through 1 strategic funding round. The most recent funding activity was a Series B round of $24 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $24.0M
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First Round
First Round
(17 Nov 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Rasan | Valuation | Impact46 |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rasan
Rasan has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Impact46. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on seed and growth investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rasan
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rasan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rasan Comparisons
Competitors of Rasan
Rasan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Al Rajhi Takaful, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sharia-compliant takaful insurance is offered for diverse risks.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rasan
Frequently Asked Questions about Rasan
When was Rasan founded?
Rasan was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Rasan located?
Rasan is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Rasan?
Moayad Alfallaj is the current CEO of Rasan. They have also founded this company.
Is Rasan a funded company?
Rasan is a funded company, having raised a total of $24M across 1 funding round to date. The company's 1st funding round was a Series B of $24M, raised on Nov 17, 2021.
What does Rasan do?
Rasan was founded in 2015 in Riyadh, Saudi Arabia, focusing on insurtech and automotive services. Digital platforms are provided for insurance aggregation, B2B leasing insurance, and online auctions of salvage and repossessed vehicles. Car repair services are offered through a network of workshops, while data analytics solutions are delivered to insurance companies for portfolio monitoring and pricing optimization.
Who are the top competitors of Rasan?
Rasan's top competitors include Al Rajhi Takaful.
Who are Rasan's investors?
Rasan has 1 investor. Key investors include Impact46.