Egyptian eCommerce startup, ShipBlu, has raised $2.4 mn in venture funding to help it improve and expand its services across Egypt.
The latest funding round was led by Nama Ventures, with participation from Startling Ventures, Orange Ventures, 1984 Ventures, and other investors.
Speaking about the funding Chief Executive Officer Ali Nasser:
“We let the merchant decide: Do they need to get that product to their customer overnight, and therefore, pay or charge the customer for overnight fees? Or are they willing to for a more budget-friendly option and would like to ship that package in three to five days? We offer that option to merchants, who in turn can decide to offer that to customers. So it could be the customer’s choice or the merchants’ choice.”
With the capital raise, the company is working to expand its service delivery and reach more Egyptians with its services. Specifically, Nasser said the goal is to reach as much as 99% of the Egyptian population.
“Whether you’re living in a small village or a large town or a large city, we want to be able to get to you and have the infrastructure in place to get to your delivery to you,” Nasser was quoted to have said.
What You Need To Know About ShipBlu
ShipBlu was co-founded in 2020 by entrepreneurs Ali Nasser, Ahmed ElKawass, and Abdelrahman Hosny. It specializes in redefining e-Commerce shipping and fulfillment in Egypt.
While ShipBlu is reaching more customers, it also makes sure that the customers get served properly. According to Nasser, customers can choose/pay for a three-hour delivery window and be rest assured that their packages will get to them when they are supposed to. And this is exactly what is revolutionary about the service they are providing because, with traditional delivery startups, the delivery dates are hardly ever guaranteed.
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