Get it on Google Play تحميل تطبيق نبأ للآندرويد مجانا اقرأ على الموقع الرسمي

Egypt’s Bosta to expand to KSA, UAE in 2022

Wamda

Egypt-based logistics and last mile delivery startup Bosta has unveiled plans to launch in KSA and the UAE in 2022, as part of its expansion drive targeting the GCC market. It comes on the back of the startup's recent $6.7 million Series A round led by Silicon Badia, with participation from 4DX, Plug and Play Ventures, Wealthwell VC and Khawarizmi VC from KSA along with other regional and global investors.

The news was shared during a press conference, where Bosta announced a new partnership with mobility and transportation firm Family Corporation, whereby Bosta will be able to expand its own fleet of vehicles to enable faster deliveries for its clients throughout Egypt.

Co-founded by Mohamed Ezat and Ahmed Gaber in 2017, Bosta looks to plug existing gaps in the retail supply chain through its end-to-end last-mile logistics solution aimed at e-commerce businesses. 

Currently, the company delivers an average of 20,000 daily shipments and seeks to fulfil as many as 100,000 deliveries per day in 2022. It said that it is on track to deliver 15 million parcels by the end of next year. 

The local e-commerce market has been growing massively thanks to the pandemic-led demand in online shopping. However, e-commerce only makes up 2.5 per cent of total retail spend in the Middle East and North Africa according to research from RedSeer.

 

November 28th 2021, 10:43 am
اقرأ على الموقع الرسمي

0 comments
Write a comment
Get it on Google Play تحميل تطبيق نبأ للآندرويد مجانا