Egyptian-based student transportation platform startup, Schoolz has recently raised an undisclosed six-figure pre-Seed funding from investors in Egypt and Saudi Arabia.
Launched towards the end of 2020 by Hosni Ahmed, Abdel Monsef Ismail, and Ayman Hamza the startup specializes in the transportation of school students and aims to launch for business and cloud services with the newly raised fund.
Schoolz offers a comfortable and safe mobility service for children by deploying current technology, highly qualified drivers, vehicle supervisors, follow-up notifications and other packages that guarantee the safety of the children In Egypt and Saudi Arabia.
Speaking on the raised fund, Hosni Ahmed, Co-founder and CEO of Schoolz said:
“We know that there is a great opportunity for the students and children transportation services market, inside and outside Egypt.
We started it experimentally at the peak of the Corona pandemic to test the minimum market acceptance of our services, and the results were impressive! In the first week of the launch, we transported the first group of students to their schools, then we transported children to the club during the weekend.”
Explaining further, Hosni said that schools and other bodies like clubs and sports academics reached out to them and the startup provided them with the required technology to manage their transport system properly.
The CEO added that Schoolz aims to deploy the investments into developing students business growth. Asides from that, the new fund will be used to launch Schoolz (SAAS) (providing Software As A Service as this will enable schools and companies to deploy Schoolz solution without its fleet.
Also speaking on the investment funding, Abdel-Monsef Ismail, Co-founder and Technical Director of Schoolz said:
“At Schoolz, we focus on providing safe and comfortable transportation at the best price.
We felt the community’s need for such service through parents’ feedback after the service launch in Cairo and Giza.
The two governorates contain 2 million students in private and international schools, which is the segment that Schoolz works on serving. They spend over 16 billion pounds annually on this service.”
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