Sprint, an Egyptian based logistics startup is expanding to countries in the MENA region and the Gulf Cooperation Council (GCC) after it has signed up to 500 merchants.
The Cairo based startup was founded in 2019 by Mohamed Deif, offering a last-mile delivery solution to merchants in the e-commerce space.
Sprint focus on small-scaled merchants with a monthly volume as small as 30 orders.
Sprint currently is operating hubs in the country with a delivery network that covers up to 24 provinces.
“We’re focusing on improving the ecommerce and logistics ecosystem in the Middle East and North Africa by providing a technology-enabled platform that helps e-commerce merchants enjoy high-value logistics services and solutions regardless of their shipping volume,” Deif said
Users have access to a portal where they upload their shipment details and a detailed overview of their financials.
The founder explained that once an order is received, it gets automatically assigned to a “sprinter” that is readily available in users’ location.
The shipment then gets sent to the main sorting centre of the startup for dispatch.
Sprint has spotted Egypt’s SMEs needs and small-scaled merchants for a convenient mode of logistics since the rise of reliable delivery solutions.
The startup currently serves more than 460 paying customers with a record of between 900-1,200 shipments per day.
“The uptake has definitely exceeded our expectations with an unexpected growth rate month over month,” Deif noted.
Sprint is now mainly focused on Egypt’s market but plans to expand into MENA and regions moving forward.
In December 2020, the startup secured a six-figure US dollar pre-seed funding round and plans to seek more rounds of funding.
Sprint raised a six-figure US dollar pre-seed funding round from an angel investor in December of last year and will take on more capital as it looks to expand from a product perspective as well as a geographic one.
“We have very innovative ideas for optimizing our delivery process using AI and data science, along with a fresh concept that will disrupt the traditional last-mile delivery concept,” Deif concluded.
Featured Image: Mohamed Deif, Founder, Sprint
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