DIGGIPACKS raises $400K Pre-Seed funding
KSA: DIGGIPACKS, an aggregator for both fulfillment & last-mile delivery for E-commerce businesses and retailers, has raised a $400K Pre-Seed funding round, from YOUXEL Ventures, OQAL, and other Saudi angel investors.
Launched in 2020, DIGGIPACKS was founded by Hasan Jabarti & Amin Al-Atrash who have 20 years of experience in the logistics, last-mile, cold-chain & fulfillment sectors, with the aim of making a footprint within the industry. DIGGIPACKS currently covers over 13 locations in Saudi Arabia and is integrated with multi-vendors in the delivery business.
The startup has already integrated with more than 30 last-mile companies in the market and is aiming to reach a number of 5 fulfillment centers by the end of 2021.
DIGGIPACKS’s Co-Founder & CEO Hasan Jabarti commented, “Within the Saudi market there are more than 15 million E-commerce users, with an expected annual increase of new users within the next 3-5 years exponentially. This creates a huge operational challenge for last-mile delivery and fulfillment companies. DIGGIPACKS’s wants to enable the logistics partners to enhance the ecosystem as well as complete it with the reliable partners.”
The new investment round will enable DIGGIPACKS to further capitalize on and expand its technology, grow its network for fulfillment centers & delivery technology within the GCC market, and launch new services such as Cloud Fulfillment and a 4PL aggregator.
