ShipBlu, an Egypt-based e-commerce startup backed by Y Combinator, has raised a $2.4 million seed round headed by Nama Ventures, with participation from 1984 Ventures, Orange Ventures, Starling Ventures, and other VCs and angel investors.
ShipBlu is designed to provide a one-of-a-kind e-commerce shipping experience. ShipBlu uses its fleets to deliver shipments on schedule, thanks to its own artificial intelligence and machine learning technology.
The startup, which operates on a fulfillment model, officially began in August after being founded in 2020 by Ali Nasser, Ahmed ElKawass, and Abdelrahman Hosny.
ShipBlu supplies a variety of packages to its retailers and merchants, including social media outreach to fashion retailers and mom-and-pop shops.
The company connects merchant web stores and uses a dashboard to track orders.
Customers are charged each shipment by ShipBlu, which is based on standard sizes, destination, and shipping speed.
“People in Egypt are enthusiastic about online buying since it is simple and convenient. Unfortunately, many individuals are turned off by the delivery experience. Some of it is the result of a lack of infrastructure, while others are the result of inadequate resource management.
We’ve solved both components of the problem at ShipBlu. “We pledge to provide a shipping experience that customers will appreciate, so merchants can focus on what matters most and customers can continue to enjoy online shopping,” Ali Nasser says.
The new investment will help the company expand its investment and service offerings throughout Egypt.
Read more on Tech Gist Africa:
ILLA, a Cairo-based FMCG logistics firm, has completed a $2 million funding round
Vendease, an online marketplace, has raised $3.2 million in seed funding
