Egypt-based logistics startup Bosta raised undisclosed funding from Axian Group

Leading investment firm Axian Group recently revealed its strategic investment in Bosta, the innovative Egyptian startup that is completely changing the logistics and delivery processing market in both Saudi Arabia and Egypt. Bosta’s platform optimises first, middle, and last-mile delivery by utilising state-of-the-art technology, offering its users unparalleled efficiency and convenience.

Bosta, which was established in 2017 by Mohamed Ezzat and Ahmed Gaber, has grown to be a major player in the delivery services industry, meeting the demands of thousands of Egyptian online companies. The startup’s creative strategy guarantees a smooth distribution process and provides a worldwide next-day delivery service. Bosta has effectively delivered more than 10 million shipments to date, establishing its dominance in the sector.

The first and last miles are efficiently handled by a network of independent drivers who are paid for each successful delivery made possible by Bosta’s innovative delivery model. For inter-city couriers, a fleet of rented vans handles the middle mile.

In 2022, after a prosperous pre-Series B fundraising round, Bosta extended its business activities to Saudi Arabia. This noteworthy accomplishment was made possible by a strategic investment round headed by Khwarizmi Ventures and including Hassan Allam Holding and current investors.

With this investment, Axian Group is demonstrating its strong commitment to helping Bosta grow and advancing its goal of revolutionizing the delivery and logistics landscape in the area.

Bosta is a leader in technology and delivery services, and this partnership is a big step in the right direction to revolutionize the e-commerce and logistics industries in Saudi Arabia and Egypt.