Egyptian Delivery Startup Sprint Closes Seed Round, Gets Valued at $1.25 Million
To accelerate their growth plans, expand their hubs network across Egypt, further develop their technology and expand their team.
After getting valued at $1.25 million, the Egyptian last mile delivery startup Sprint scores a six-digit US dollar investment in a seed round led by an anonymous angel investor.
The startup has been growing at a rate exceeding 35% month to month since its launch in October 2018. They aim to use the latest investment to accelerate their growth plans, expand their hubs network across Egypt, further develop their technology and expand their team.
"We’re focusing on improving the e-commerce and logistics ecosystem in the MENA region by providing a technology-enabled platform that helps e-commerce merchants enjoy high value logistics services and solutions regardless of their shipping volume," says Mohamed Deif, the CEO of Sprint.
Sprint is a technology driven last mile delivery company with a special focus on e-commerce merchants and especially micro merchants. "Our focus is to redefine Egypt’s logistics industry through our proprietary network design, infrastructure, partnerships, and technology capabilities,” Deif adds.
The entire delivery process is technology enabled, with a delivery management system that offers GPS locations tracking, smart geo-coding, automated customer notifications, online merchant’s dynamic dashboard with real-time tracking and customers’ feedback, in addition to API Integrations with major e-commerce platforms.
All merchants are offered these business intelligence tools which helps them control their customer experience leading to repetitive clients. Sprint provides products and services with the aim of building trust and improving the delivery experience of consumers, small businesses, enterprises and our growing team of employees and partners.
