Cathedis, a delivery and e-logistics startup based in Morocco, raised $735K in a pre-series A funding round. The round was divided into 5 million Moroccan Dirhams (MDH) from Afrimobility, a Venture Capital from AKWA Group, and 2.5 million MDH provided by CDG Invest, for a total of 7.5 MDH.
Founded in 2015 by Imad El Mansour Zekri, the startup provides services such as same-day delivery, online or on-delivery payment, and real-time tracking of packages and deliverers, enabling customers to distribute parcels in morocco and now has over 700 active clients.
Cathedis offers a fully digitalized logistics platform serving the specific needs of the consumer. According to a press statement from Cathedis, this is the second financing since the startup was founded in 2019.
“Afrimobility was persuaded to invest in Cathedis and assist its expansion plan due to its great performance, Moroccan-made innovation, strong potential, and ambitious development strategy. Our investment in this start-up is part of our vision and philosophy of supporting new and disruptive ventures capable of tackling tomorrow’s mobility’s significant challenges,” Moulay Hafid Amrani, CEO of Afrimobility, said.
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“The renewed confidence of our investor and historical partner CDG Invest, as well as the entry of the prestigious fund Afrimobility, will enable Cathedis to consolidate its performance, develop its innovation platform, and accelerate its growth,” stated Imad El Mansour Zekri, Cathedis’ founder and CEO.
“Four years after its inception, our start-up is one of Morocco’s reference operators of delivery and e-logistics, with the deployment of technological and industrial solutions conceived and installed entirely domestically,” he said.
Internal teams designed and deployed the automated sorting centre, which has a capacity of 4,000 parcels per hour. To attain higher results, the startup relies on Moroccan R&D. The goal for 2024 is a flow of 3 million shipments handled each year.
“It is more than just a platform; it is a tool for a deep transformation of delivery management. Everything can be tracked. The system provides a high level of agility to manage each operation, from the production of the delivery to the return of cash, even on a daily basis, via complaint handling, and this with real-time monitoring, even near instantaneous monitoring. The goal is to provide the finest possible user experience,” the company stated.
Article Source: Waya Media