Kuwaiti Tech-logistics company, Armada Delivery solutions just closed a pre-Series A round with Sharq Ventures.
Armada solves the last mile delivery problem by providing an online logistics platform that connections merchants in different industries to an aggregated courier base of freelance and professional couriers on-demand.
Ever since their previous seed round that was led by Arzan VC back in January 2017, Armada continued growing by 65% month-on-month in the number of deliveries completed per day.
Ahmad AlObaid, founder and CEO of Armada commented on the new investment saying: “We kicked off 2018 by closing our pre-series A investment round with Sharq Ventures and a second follow-on by Arzan VC, and this will allow us to maintain our exponential growth in Kuwait and bolster our operations and technology team to build a smoother delivery experience for our merchants. The target for Armada is to continuously build integrations that allow for a delivery experience with no human intervention, saving valuable minutes that lead to a faster delivery to the end consumer.”
Homoud AlSabah, Managing Partner at Sharq Ventures stated that Armada eliminated the hassle of logistics for any business owner since they provide a one-stop shop for all the business’s delivery needs, from distribution and aggregation to last mile delivery. According to him, with Armada’s platform, delivery platforms have become much more organized which in turn increased the efficiency for both sides of any transactions. “Sharq Ventures believes in the direction that this startup is heading towards and more importantly believes that the founder and his team are able to uplift this venture,” he said.
What Armada basically does is help those merchants focus on building their business and supports them as their one-stop shop for all logistics needs. Soon enough, new vehicle tiers will be added to the platform, in addition to launching a consumer app and a beta launch in Riyadh and West Amman.
“Ahmad and his team faced challenges throughout 2017, however, their ability to work as a team and find creative solutions helped them overcome these obstacles, persuade customers, and grow fast. Arzan VC’s team is happy to continuously work with Armada’s team,” Hasan Zain, Managing Partner at Arzan VC said.
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