Iraqi Last Mile Delivery Startup Hi-Express Raises Six-Figure Seed Round to Expand Local Presence
With the backing of the Iraqi Angel Investors Network, Hi-Express is poised to take 2021 by the horns in an increasingly competitive market.
Iraq's Hi-Express has announced that it has raised a six-figure seed round led by Iraqi Angel Investors Network, an investment supplemented by a grant of $20,000 from GIZ's ICT for Youth in Iraq project.
As a last-mile delivery startup, Hi-Express will use the investment to expand its fleet and, in a more general sense, expand its presence across the country. Founded in 2019 by Mujahid Waisi, Ameen Saleem and Ahmed Al Alousi, Hi-Express boasts 170 serviced vendors.With confidence in its proprietary technology and an experienced founding team, Hi-Express are poised to take 2021 by the horns, as it looks to go full-force in a sector that is growing in Iraq.
“Despite the increasing competition in the last mile market in Iraq, the size and potential of the market makes it still up for grabs,” said Al Alousi, who also serves as the startup’s CEO. “Our growth over the past year is a testament to our abilities.”
