{"id":76419,"date":"2024-01-30T00:00:00","date_gmt":"2024-01-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/30\/egypts-logistics-startup-roboost-closes-usd-3-mn-investment-round\/"},"modified":"2024-01-30T00:00:00","modified_gmt":"2024-01-30T00:00:00","slug":"egypts-logistics-startup-roboost-closes-usd-3-mn-investment-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/30\/egypts-logistics-startup-roboost-closes-usd-3-mn-investment-round\/","title":{"rendered":"Egypt\u2019s logistics startup Roboost closes USD 3 mn investment round"},"content":{"rendered":"

<\/strong>Egypt-based AI-driven delivery startup <\/strong>Roboost<\/a><\/strong> has secured USD 3 mn in an <\/strong>i<\/strong>nvestment <\/strong>round<\/strong> led by Silicon Badia<\/a>, according to a press release (pdf)<\/a>. RZM Investment<\/a>, Flat6Labs<\/a>, and Saudi Angel Investors also participated in the round. The company will use the investment to drive its expansion across MENA, the statement said. <\/p>\n

Where will the money go? <\/strong>The startup has seen a 400% y-o-y growth in revenues and plans to use the new funding to \u201ccarry over this accomplishment across the MENA region\u2018s entire delivery market,\u201d the statement said. Raised funds will also go towards developing the outfit\u2019s e-commerce and middle-mile products with new tailored automated solutions, the statement said. <\/p>\n

About Roboost: <\/strong>Established in 2020 by Mohamed Gessraha (LinkedIn<\/a>), Hassan Gessraha (LinkedIn<\/a>) and Mohamed Ali Sadek (LinkedIn<\/a>), the startup leverages AI to automate the last-mile delivery cycle by offering services like auto-dispatching, smart routes for delivery drivers, and fraud control. Roboost\u2019s system currently caters to 15k delivery drivers, serving nearly 10 mn unique customers and automating over 40 mn orders. Roboost\u2019s SaaS solution has helped fully automate deliveries for brands including McDonald\u2019s, Buffalo Burger, El Ezaby Pharmacies, and Jumlaty, across markets in Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia.<\/p>\n

ICYMI \u2013 <\/strong>October 2023 saw Roboost partner up<\/a> with Mcdonald\u2019s Egypt to help the franchise fully automate its last-mile delivery operations and boost visibility in the delivery cycle. <\/p>\n","protected":false},"excerpt":{"rendered":"

The USD 3 mn fund will see Roboost broaden its presence across the MENA region<\/p>\n","protected":false},"author":1,"featured_media":76420,"comment_status":"","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":[172],"tags":[49,171],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-egypt","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"c0ce03d3-1bd0-4239-82b6-368af81e9a69","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2422.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s logistics startup Roboost closes USD 3 mn investment round","related_issue":[76407],"teaser":"The USD 3 mn fund will see Roboost broaden its presence across the MENA region","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.5fa28fb8-dfce-438e-83ea-23d0de83e9de.mp3"},"yoast_head":"\nEgypt\u2019s logistics startup Roboost closes USD 3 mn investment round - 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