{"id":546337,"date":"2022-05-12T03:52:18","date_gmt":"2022-05-12T03:52:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/logistics-startup-mylerz-plans-egypt-africa-expansion-after-raising-usd-9-6-mn-in-funding\/"},"modified":"2022-05-12T03:52:18","modified_gmt":"2022-05-12T03:52:18","slug":"logistics-startup-mylerz-plans-egypt-africa-expansion-after-raising-usd-9-6-mn-in-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/logistics-startup-mylerz-plans-egypt-africa-expansion-after-raising-usd-9-6-mn-in-funding\/","title":{"rendered":"Logistics startup Mylerz plans Egypt + Africa expansion after raising USD 9.6 mn in funding"},"content":{"rendered":"

<\/a> Cairo-based logistics startup <\/strong>Mylerz<\/a><\/strong> has raised USD 9.6 mn in <\/strong>equity <\/strong>funding<\/strong> from private equity outfit Lorax Capital Partners<\/a>, the startup announced in a press release (pdf<\/a>)<\/a>. E-payments giant Fawry participated in the round and will also provide payments services for the company.<\/p>\n

About Mylerz: <\/strong>Founded in 2019 by Samer Gharaibeh, the firm offers same-day, last-mile delivery for e-commerce merchants. Mylerz currently operates 21 fulfillment centers across the country and plans to open its largest fulfillment hub yet in West Cairo by 4Q 2022. The startup delivered 2 mn packages within two years of its launch.<\/p>\n

The funding will go towards helping the firm expand across Egypt<\/strong> and enter new North African markets, as well as to develop its platform, Gharaibeh, also the company\u2019s CEO, told Enterprise. Gharaibeh remains the largest shareholder in his company following the funding round.<\/p>\n

Mylerz plans to expand to Algeria, Tunisia and Morocco<\/strong> \u201c<\/strong>in three months\u2019 time<\/strong>,\u201d<\/strong> Gharabeih said. The company is also eyeing Libya, Sudan, and East Africa\u2019s growing e-commerce markets for potential expansion next year, he added. Fawry will provide payment services to Mylerz in all of its new markets.<\/p>\n

This isn\u2019t Fawry\u2019s first partnership with Gharaibeh:<\/strong> The e-payments giant in February partnered<\/a> with Gharaibeh, tech solutions firm Softec<\/a>, and Confida Ventures Managing Partner Ammar Zawaideh to set up courier delivery platform Roaderz<\/a>. The crowdsourcing platform connects couriers and small delivery firms with e-commerce merchants, while allowing sellers to request couriers on demand or schedule their services in advance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cairo-based logistics startup Mylerz has raised USD 9.6 mn in equity funding from private equity outfit Lorax Capital Partners, the startup announced in a press release (pdf). E-payments giant Fawry participated in the round and will also provide payments services for the company. About Mylerz: Founded in 2019 by Samer Gharaibeh, the firm offers same-day, […]<\/p>\n","protected":false},"author":1,"featured_media":546338,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,333,145,1847,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-homzmart","tag-logistics","tag-mylerz","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"486f114d-1bc8-4b42-9ed3-c15d1afdb52d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/5\/152.jpg","photo_position":"above","related_issue":[546329],"teaser":"","voice_url":""},"yoast_head":"\nLogistics startup Mylerz plans Egypt + Africa expansion after raising USD 9.6 mn in funding - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/logistics-startup-mylerz-plans-egypt-africa-expansion-after-raising-usd-9-6-mn-in-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Logistics startup Mylerz plans Egypt + Africa expansion after raising USD 9.6 mn in funding\" \/>\n<meta property=\"og:description\" content=\"Cairo-based logistics startup Mylerz has raised USD 9.6 mn in equity funding from private equity outfit Lorax Capital Partners, the startup announced in a press release (pdf). 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This comes after the startup raised USD 9.6 mn in equity funding from private equity outfit Lorax Capital Partners and Fawry. 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Participants in the round included Endure Capital, Seedstars, Camel Ventures, the International Cooperation Ministry\u2019s Falak Startups, Outlierz, Plus Ventures, Fort, Alex Angels, and other unnamed angel investors. Suplyd will use\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/357.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544386,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/brimore-invests-usd-5-mn-in-a-pre-seed-round-for-logistics-arm-milezmore-milango-acquires-rival-circle\/","url_meta":{"origin":546337,"position":4},"title":"Brimore invests USD 5 mn in a pre-seed round for logistics arm Milezmore + Milango acquires rival Circle","author":"enterpriseam admin","date":"1 March 2022","format":false,"excerpt":"Social commerce startup Brimore has invested USD 5 mn in a pre-seed round for its delivery and logistics services arm Milezmore, the company announced in a press release (pdf). The funds will help Milezmore expand its cloud solutions and double the size of its team, with a goal of increasing\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/5.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565801,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/flextock-seals-record-pre-seed-funding\/","url_meta":{"origin":546337,"position":5},"title":"Flextock seals record pre-seed funding","author":"enterpriseam admin","date":"5 May 2021","format":false,"excerpt":"An Egyptian logistics player just set a regional record for pre-seed funding: Logistics startup Flextock has closed a USD 3.25 mn pre-seed investment round, just two months after graduating from Y Combinator\u2019s winter batch, according to TechCrunch.This is the largest ever pre-seed round managed by a MENA startup, and exceeds\u2026","rel":"","context":"In "SPEED ROUND: STARTUP WATCH"","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/311.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546337"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546337\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546338"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546337"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546337"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}