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Egyptian Startup Roboost Raises $3M for Logistics Expansion

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Roboost, an innovative startup based in Egypt focusing on delivery management, has successfully secured $3 million in funding. This significant investment will fuel the company’s strategic plans for regional expansion and growth.

Silicon Badia spearheaded the investment round, with contributions from Saudi Angel Investors, RZM Investment, and Flat6Labs.

Roboost is an innovative AI-powered delivery management software as a service (SaaS) solution established in 2020 by a team of visionary entrepreneurs – Mohamed Gessraha, Hassan Gessraha, and Mohamed Ali Sadek. This cutting-edge platform seamlessly automates every aspect of the last-mile delivery process, eliminating the necessity for human intervention.

Roboost empowers a network of more than 15,000 delivery drivers, catering to almost 10 million distinct customers and streamlining over 40 million orders. The company collaborates with renowned brands such as McDonald’s in Egypt and Kuwait, Buffalo Burger, El Ezaby Pharmacies, and Jumlaty, operating across various regional markets including Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia.

Mohamed Gessraha, the CEO and co-founder of Roboost, expressed his enthusiasm about the recent investment, stating, “This funding will enable us to expand Roboost’s innovative solutions across the MENA region and drive the next stage of our development. Our goal is to position Roboost as the indispensable co-pilot for delivery operations in any enterprise.” He emphasized, “We are dedicated to leveraging our technology to optimize our clients’ intricate workflows, revolutionizing the concept of automated delivery operations.

Investor Hossam Shafick from Silicon Badia expressed enthusiasm in backing a groundbreaking innovation within the delivery management sector.

In a sector poised for disruption, this SaaS solution shines by streamlining the entire delivery process. It offers a distinct value proposition to all involved parties, from brand/store managers and delivery agents to end-customers. The investment underscores our confidence in the team’s vision and abilities, as we eagerly back their journey towards achieving success on both regional and global scales.

Roboost has experienced a remarkable 400% increase in revenue year over year. With this recent investment, the company aims to capitalize on its success by enhancing its middle-mile and e-commerce offerings through tailored automated solutions. Additionally, Roboost plans to extend this growth across the MENA delivery sector.

 

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The post Egyptian Startup Roboost Raises $3M for Logistics Expansion appeared first on Tech In Africa.

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