Delivery logistics company iMile to expand into Egypt following USD 10 mn pre-series A

STARTUPWATCH - UAE logistics company iMile raises USD 10 mn pre-series A, eyes Egypt expansion: Dubai-based cash-on-delivery logistics company iMile has raised USD 10 mn in a pre-series A funding round, which the company will use to finance regional expansion to Egypt, Kuwait, and Morocco, CEO Rita Huang told the National. The funding will also be allocated for a new research and development center. The round was led by a Chinese VC firm, Huang said, without disclosing the name of the firm or other investors. iMile currently operates in the UAE and Saudi Arabia.