This marks the first investment in Egypt from Germany's DPDgroup.
Egyptian last-mile delivery provider Bosta received a seven-figure Series A investment from Europe’s second largest operator in the courier, express and parcel (CEP) industry DPDgroup, which delivers more than 5.2 million parcels worldwide every day. Egyptian e-payment leader Fawry and historical backer of Bosta is also part of this new round.
Focused on growth, Bosta leverages technology to empower and enable e-commerce businesses in Egypt, with the aim of being a one-stop-shop for delivery solutions. Accordingly, the company has served over 5,000 e-commerce businesses, and had previously received investment from Fawry, Numu Capital and CairoAngels.
DPDgroup is a German-born international parcel delivery service for sorter compatible parcels weighing under 30 kilograms. This marks DPDgroup’s first investment in Egypt. With a minority stake in the startup, DPDgroup will bring all its support to help Bosta become one of the leading parcel operators in Egypt.
Being apt to disrupt the local e-commerce industry, Bosta offers its clients next-day delivery, handles exchange shipments and customer returns, as well as cash collection – all backed up by the company’s 97% successful delivery rate. “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,” says CEO of Bosta Mohamed Ezzat. “We are thrilled to be one of the key pillars of that movement, and DPDgroup’s investment only solidifies our role even further.”
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