Dubai Delivery Startup iMile Rasies $10 million to Expand Across MENA
iMile, a 'last mile delivery company, is set to expand its operations from UAE and Saudi Arabia to three huge markets: Egypt, Kuwait and Morocco.
Dubai-based delivery startup, iMile, is set to expand operations across the Middle East, after raising $10 million in pre-Series A funding. Currently operating in the UAE and Saudi Arabia, the company is self-described as a ‘last mile delivery’ service, which means it specialises in the movement of goods from transportation hubs to a final delivery destination, with the logistical focus aiming to deliver to the end user as fast as possible.
Led by an unnamed China-based venture capital firm, the funds will prioritise iMile’s expansion into Egypt, Kuwait and Morocco according to founder and CEO, Rita Huang, who also revealed that a new research and development centre is planned for a company whose clients include Amazon and Noon.
“Our aim is to develop local solutions and technology to address regional needs,” Huang told The National. “An indigenous R&D centre would also promote knowledge and capacity building in the region.”
Launched in September 2017, iMile, currently has around 700 employees on its books across UAE, Saudi Arabia and China, the latter of which houses the company’s current r&d facility.
