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Saudi logistics company acquired Egyptian e-commerce startup FwRun
FwRun is an e-commerce fulfillment, shipping, and storage company that was founded in 2019.
Because of the market demand for storage and handling services, the business has attracted a lot of local merchants and multinational brands as customers. Meanwhile, Diggipacks, located in Riyadh, began operations a few months after FwRun in early 2020 and offers storage and shipping services. The firm employs high-quality technology to link merchants with more than 30 transportation providers and numerous warehouses around Saudi Arabia.
Diggipacks received a pre-seed investment round of $400,000 in April and has recently purchased FwRun as part of its expansion into Egypt.