Egyptian delivery startup Bosta raises Series A funding from DPDgroup
Bosta, a Cairo-based delivery startup, has raised an undisclosed amount in a Series-A round from DPDgroup, a French parcel delivery company.
February 18, 2020: Bosta, a Cairo-based delivery startup, has raised an undisclosed amount in a Series-A round from DPDgroup, a French parcel delivery company as per Menabytes.
Egyptian payments company Fawry, which invested in Bosta in late 2017, also took part in the round.
Founded in 2016 by Mohamed Ezzat, Ahmed Gaber, and Mohamed El-Houssainy, Bosta provides different types of last-mile delivery solutions to e-commerce businesses in Egypt.
The startup has served over 5,000 businesses in Egypt to date and has grown the number of deliveries by over 10 times in the last year, to 150,000 parcels a month currently.