OCTOBER 31, 2021 | CAIRO, EGYPT. ShipBlu, the platform that is redefining the ecommerce shipping and fulfillment experience in Egypt, announced that it has raised 2.4 million dollars in its latest seed round. The new funds will help ShipBlu grow its service offering and coverage across Egypt.
During the seed round, ShipBlu raised 2.4 million dollars in funding from several prominent investors. Led by Nama Ventures, the round saw participation from 1984 Ventures; Orange Ventures – the venture capital arm of Orange Telecom; Starling Ventures; Flexport – one of Y-Combinator’s global freight and logistics unicorns, and other global funds and angel investors. The round follows ShipBlu’s recent pre-seed round which closed in the summer of 2021.
ShipBlu was the first Egyptian startup accepted into Y-Combinator’s Summer 2021 Batch back in May 2021 (check out our YC article here). Over the summer, the ShipBlu team worked with their YC partners and ultimately launched their services in August 2021.
“We are very excited to welcome our new and existing partners in this latest funding round,” said Ali Nasser, CEO, “All of our investors have recognized ShipBlu’s potential to reshape the last mile delivery and fulfillment landscape in this part of the world. Their expertise and experience will accelerate our growth during the coming period and help us extend our services across the country. Together, we believe we can empower local businesses to sell nationally and grow their customer base across the country, helping them capture the surge in ecommerce that we are currently witnessing.”
ShipBlu is built to deliver a unique ecommerce logistics experience. Powered by its artificial intelligence and machine learning technology, ShipBlu uses its fleets to deliver shipments on-time, every time, guaranteed. ShipBlu allows customers to select their preferred 3-hour delivery window and to view the live location of couriers as they approach their locations, delivering complete shipping transparency. Building on its last mile delivery technology, ShipBlu also provides ecommerce fulfillment services, with planned fulfillment centers across all of Egypt. Integrating fulfillment services with its last mile delivery operations provides for a unique and seamless experience for merchants and customers alike.