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Egypt-based AI-driven delivery startup Roboost has secured USD 3 mn in an investment round led by Silicon Badia, according to a press release (pdf). RZM Investment, Flat6Labs, and Saudi Angel Investors also participated in the round. The company will use the investment to drive its expansion across MENA, the statement said.
Where will the money go? The startup has seen a 400% y-o-y growth in revenues and plans to use the new funding to “carry over this accomplishment across the MENA region‘s entire delivery market,” the statement said. Raised funds will also go towards developing the outfit’s e-commerce and middle-mile products with new tailored automated solutions, the statement said.
About Roboost: Established in 2020 by Mohamed Gessraha (LinkedIn), Hassan Gessraha (LinkedIn) and Mohamed Ali Sadek (LinkedIn), 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’s system currently caters to 15k delivery drivers, serving nearly 10 mn unique customers and automating over 40 mn orders. Roboost’s SaaS solution has helped fully automate deliveries for brands including McDonald’s, Buffalo Burger, El Ezaby Pharmacies, and Jumlaty, across markets in Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia.
ICYMI – October 2023 saw Roboost partner up with Mcdonald’s Egypt to help the franchise fully automate its last-mile delivery operations and boost visibility in the delivery cycle.
