KSA Last-Mile Startup Postage Raises Seed Round from Aramco’s Wa’ed
As the need for e-commerce solutions continues to increase across the region, the last-mile delivery startup has announced plans to fill the sector’s many holes across KSA.
Saudi last-mile logistics provider, Postage, has announced that it has raised a seed investment from Wa'ed, the entrepreneurship arm of oil and petroleum giant, Aramco.
Though the exact amount has not been disclosed, founder Abdulrahman Al Afaliq has revealed that the investment will be used across a number of different areas, including IT infrastructure, marketing, recruitment and inventory management, while enabling more partners to expand its deliverys services to more cities in the Kingdom.
Founded in 2019, Postage was established on the simple notion of reducing delivery time in a market where e-commerce has become a fast-rising sector. Employing a mixture of full-time and freelance drivers, Postage guarantees same-day delivery for goods travelling between Riyadh and Dammam, or a two-hour buller service within Riyadh.
“The Saudis are digitally savvy and used to expecting everything instantly,” Al Afaliq said. “With Postage, we are closing gaps in the marketplace and delivering the velocity needed to fuel E-commerce across the nation. I am grateful to Wa’ed for supporting Postage, which is helping Saudi businesses keep pace with demand for shorter delivery times and rapid growth in online commerce.”
It’s hoped that, in the near future, Postage will employ its services to the likes of Jeddah, Qassim, and Abha.
