Tech in Africa
Bosta, an Egypt-based last-mile logistics startup has unveiled plans to invest in the UAE and the Kingdom of Saudi Arabia in 2021. This is part of the startups’ planned drive to expand its presence across the GCC and can be attributed to the recent $6.7 million Series A round led by Silicon Badia alongside other top investors such as 4DX Ventures, Plug and Play Ventures, among others.
Bosta was co-founded in 2017 by Mohamed Ezat and Ahmed Gaber and looks to fill the existing gaps in the retail supply chain through its end-to-end last-mile logistics solution targeting e-commerce businesses.
The company delivers 20,000 daily shipments while seeking to fulfill 100,000 daily deliveries in 2022. Bosta is on track to deliver 15 million parcels by end of next year.
More on Wamda
