Egyptian Logistics Startup Roboost Secures $3 Million Investment
The startup provides software solutions that have helped to fully automate delivery operations for major brands, such as McDonald’s, Buffalo Burger and El Ezaby Pharmacies.
Egypt-based AI-powered logistics startup Roboost has closed a $3 million investment round, fueling the company’s next phase of regional expansion.
Roboost provides delivery management software solutions which have helped to fully automate home delivery operations for major brands across the region throughout several industries, including McDonald's in Egypt and Kuwait, Buffalo Burger and El Ezaby Pharmacies.
"This investment enables us to bring Roboost’s transformative power to businesses across the MENA region," Mohamed Gessraha, CEO and Co-Founder of Roboost, tells StartupScene. "Our goal is to redefine what it means to have automated delivery operations by applying our technology to our customers’ most detailed workflows."
Roboost has already achieved great success with 400% YoY revenue growth since its inception in 2018, partly by leveraging proprietary machine learning and AI to power over 15,000 delivery drivers to serve nearly 10 million unique customers and over 40 million orders.
The startup plans to use the investment to carry over this accomplishment across the MENA region‘s entire delivery market while also expanding their e-commerce and middle-mile offerings with more tailored automated solutions.
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Jan 31, 2024