Bosta secured EGP 40 mn in series A round -sources

STARTUP WATCH- Bosta secured EGP 40 mn in series A round -sources: Cairo-based courier startup Bosta raised more than EGP 40 mn in the series A funding round announced earlier this week, the local press reports, citing sources close to the matter. The company said on Sunday that European delivery company DPD and Egyptian e-payment firm Fawry invested seven-figures during the funding round but did not disclose the value of the investment or the currency. Other anonymous sources cited by Waya claimed that Bosta raised USD 1.4 mn (c. EGP 21.85 mn).