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February 3, 2024
1 min read

Egyptian Delivery Startup Secures $3M Investment to Fuel Expansion Journey.

TLDR: Egyptian delivery management startup, Roboost, has closed a $3 million investment round to support its expansion plans. The company, founded in 2020 and powered by AI, automates every stage of the last-mile delivery cycle without human intervention. It works with major brands such as McDonald’s Egypt, Buffalo Burger, and Jumlaty and has already achieved significant revenue growth. The funding will be used to expand across the MENA region, as well as to develop more tailored automated solutions for e-commerce and middle-mile offerings.

Egyptian delivery management startup, Roboost, has raised $3m in an investment round to fuel its expansion and growth plans. Founded in 2020, Roboost is an AI-powered delivery management software-as-a-service (SaaS) solution that automates every stage of the last-mile delivery cycle. The startup works with top brands and powers over 15,000 delivery drivers across key regional markets such as Egypt, Kuwait, Saudi Arabia, Morocco, and Tunisia. Roboost has achieved 400% year-on-year revenue growth and is now focused on expanding across the MENA region. The recent funding round was led by Silicon Badia, with participation from RZM Investment, Flat6Labs, and Saudi Angel Investors.

Roboost was founded in 2020 by Mohamed Gessraha, Hassan Gessraha, and Mohamed Ali Sadek. The startup offers an AI-powered delivery management SaaS solution that automates every stage of the last-mile delivery cycle without human intervention. The platform currently powers over 15,000 delivery drivers, serving nearly 10 million unique customers and automating more than 40 million orders. It counts major brands, such as McDonald’s Egypt and Kuwait, Buffalo Burger, El Ezaby Pharmacies, and Jumlaty, among its clients. Roboost has achieved significant revenue growth, with a 400% year-on-year increase, and aims to expand further across the MENA region.

The $3 million investment will support Roboost’s regional expansion plans and the development of more tailored automated solutions for e-commerce and middle-mile offerings. The startup aims to replicate its revenue growth across the entire delivery market in the MENA region. The funding round was led by Silicon Badia, a venture capital firm based in Jordan. Other participants included RZM Investment, a Saudi Arabian venture capital firm, Flat6Labs, an early-stage venture capital firm based in Egypt, and Saudi Angel Investors. The investment will help Roboost establish itself as a key player in the delivery management sector in the MENA region.

Roboost’s success is driven by its AI-powered platform, which automates the last-mile delivery cycle, eliminating the need for human intervention. The platform is already used by major brands, such as McDonald’s Egypt and Kuwait, Buffalo Burger, El Ezaby Pharmacies, and Jumlaty. With the recent funding, Roboost plans to expand its services further across regional markets, including Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia, as well as offer more tailored automated solutions for e-commerce and middle-mile offerings. The startup aims to replicate its impressive revenue growth across the entire MENA region’s delivery market.

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