Egypt’s AI-powered logistics startup Roboost raised $3 M from Silicon Badia

Ila Dhond01/02/2024

144 2 minutes read

With funding from Silicon Badia, RZM Investment, Flat6Labs, and Saudi Angel Investors, the AI-powered logistics startup closed a $3 million funding round. The business’s next stage of regional expansion will be supported by the new round of funding.

Across regional markets including Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia, major brands like McDonald’s Egypt and Kuwait, Buffalo Burger, El Ezaby Pharmacies, and Jumlaty were able to fully automate their home delivery operations with the help of Roboost, an AI operations copilot and delivery management SaaS solution. Pharmacies, supermarkets, and even diagnostics are just a few of the industries in which Roboost has established a solid reputation.

Through the introduction of pre-delivery technology, Roboost has established standard-defining best practices by utilizing proprietary machine learning. This technology allows for precision auto-dispatching due to automated key in-store decisions, as well as “smart routes” for riders based on text addresses, which are perfect for the 70% of orders that are placed offline. Moreover, heat maps and analytics provide customer insights to improve customer satisfaction, in addition to real-time dynamic fleet payroll. Additionally, Roboost delves further into operations by using AI fleet control to guarantee cutting-edge fraud detection.

With task automation reaching 99.8%, Roboost powers over 15,000 delivery drivers, serves almost 10 million unique customers, automates over 40 million orders, and helps customers double delivery speed by eliminating inefficiencies. It also reduces operational costs by 30% and order returns by over 80%. Customers also reported a 40% increase in average driver productivity and fraud rates below 5% as a result of having more control over the fleet’s travel.

With a 400% YoY revenue growth, Roboost has already shown remarkable success. With the investment, they hope to replicate this success throughout the delivery market in the MENA region and also grow their middle-mile and e-commerce offerings by providing more specialized automated solutions.

“We’re excited to back a game-changer in the delivery management space. This SaaS solution stands out in a sector ripe for disruption, by automating the full spectrum of the delivery process. It provides a unique value proposition to all stakeholders alike, including brand/store managers, delivery agents, and end customers” said Hossam Shafick, an Investor at Silicon Badia, “Our investment is a testament to our belief in the team’s vision and capabilities, and we are eager to support their journey towards regional and global success.”

“This investment enables us to bring Roboost’s transformative power to businesses across the MENA region and propel the next phase of our growth, by making Roboost the copilot for any enterprise’s delivery operations,” said Mohamed Gessraha, CEO and Co-Founder of Roboost. “Our goal is to redefine what it means to have automated delivery operations by applying our technology to our customers’ most detailed workflows.”