Bosta is an Egyptian delivery platform that allows users to deliver their products to any place in Egypt with a one-stop, full-service next-day delivery and logistics solution. The platform aims to automate and streamline logistics operations for businesses and individuals and has recently secured a seven-figure Series A investment.
The investment came from DPDgroup, the second-largest operator the second in the courier, express and parcel (CEP) industry in Europe, as well as Fawry, an Egyptian e-payment provider. What’s also exciting is that this marks DPDgroup’s first investment in Egypt!
Fawry has also invested in Bosta before, in addition to Numu Capital, a Dubai-based venture capital firm, and The Cairo Angels, as the company’s press release stated.
Bosta’s CEO, Mohamed Ezzat, has shared: “The e-commerce industry in Egypt and the whole region is looking at a very positive outlook in the coming years. For instance, in 2019, e-commerce as an industry witnessed the second-largest number of investment deals in Mena, according to MAGNiTT,”
He further elaborated: “We are thrilled to be one of the key pillars of that movement, and DPDgroup’s investment only solidifies our role even further.”
The platform successfully served more than 5000 e-commerce businesses and leverages a network of more than 42,000 Pickup points.
