Bosta, an Egyptian-based logistics and last mile delivery startup has announced plans to launch in South Africa and the United Arab Emirates (UAE) in 2022.
This move is coming on the back drop of the startup securing a $6.7 million Series A funding round led by Silicon Badia with other participating local and global investors.
Bosta also announced a new collaboration with Family Corporation, a mobility and transportation firm. This partnership will allow the Eyptian Startup expand its own fleet of vehicles so as to allow it execute its deliveries seamlessly in Egypt.
Co-founded by the duo of Ahmed Gaber and Mohamed Ezat in 2017, Bosta seeks to fill in existing gaps in the North African region retail supply chain via its end-to-end last-mile logistics solution.
As at present, the startup delivers daily shipments averaging 20,000 and plans to move up to an average of 100,000 daily shipments in 2022. According to the co-founders, Bosta is set to deliver 15 million parcels by the end of 2022.
Owing to the coronavirus pandemic that has led to a high rise in online shopping, the region’s local e-commerce market has recorded an exponential growth.
Nevertheless, e-commerce only acounts 2.5 per cent of the total retail spending in the Middle East and North Africa region.
Don’t miss important articles during the week. Subscribe to techbuild weekly digest for updates
