Iraq: Hi-Express, an Iraqi last-mile delivery startup, has raised a six-figure Seed funding round, from members of the Iraqi Angel Investors Network (IAIN) – Amar Shubar and Jaafar Al Musawi, along with other co-investors. This is the third facilitated investment into startups in Iraq by IAIN.
The last-mile delivery startup is focused on the B2B segment of the market and was founded in 2019 by Mujahid Waisi, Ameen Saleem, and Ahmed Al Alousi. Hi-Express has grown to serve more than 170 vendors over the past year empowered by its proprietary technology and the experience of its founding team.
Ahmed Al Aloosi, CEO of Hi-Express commented on the funding round, “Despite the increasing competition in the last mile market in Iraq, the size and potential of the market make it still up for grabs. Our growth over the past year is a testament to our abilities. This investment will allow us to expand our fleet and offerings to cover the whole Iraqi market, as we aim to be the trusted logistics partner to all startups and E-commerce platforms in Iraq”.