STARTUP WATCH- Egyptian courier startup Bosta has raised seven figures in its series A funding round from European delivery giant DPD Group and Egyptian e-payment platform Fawry, the company said in a statement (pdf), without disclosing the exact amount. The company reportedly raised USD 1.4 mn in the funding round, Waya reports, citing sources with knowledge of the matter. The startup has so far served over 5k businesses in Egypt, Bosta’s co-founder and CEO Mohammed Ezzat told Menabytes. Rather than employing a fleet of drivers, Bosta uses an Uber-like model that allows users to connect to couriers to deliver packages.

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