An Egyptian startup specializing in delivery management has secured $3 million in funding for its expansion plans across the Middle East and North Africa (MENA) region. Founded in 2020 by a team of entrepreneurs, this startup offers an advanced AI-driven SaaS solution that streamlines the entire last-mile delivery process autonomously.
The startup has established partnerships with major brands, including those in the food and pharmaceutical sectors, operating across various MENA markets. It currently serves a substantial number of delivery drivers, catering to millions of customers and handling a substantial volume of orders.
The recent investment round, led by notable investors and supported by industry experts, positions the startup for significant expansion within the MENA delivery market. With remarkable year-on-year revenue growth, the funding will be instrumental in extending its presence across the region. Additionally, the startup plans to diversify its offerings by introducing tailored automated solutions for the e-commerce and middle-mile sectors.
The CEO and co-founder of the startup expressed enthusiasm about this investment, highlighting their commitment to redefining automated delivery operations and enhancing logistics workflows for businesses across the MENA region.
One investor noted the startup’s potential to disrupt the delivery management sector with its comprehensive automation of the delivery process. This innovative solution benefits various stakeholders, including businesses, delivery personnel, and end-customers. The investor emphasized their belief in the startup’s vision and capabilities, emphasizing their support for its journey toward regional and global success.