Milezmore, an Egyptian startup that offers cloud fulfillment, last-mile delivery, and customized operations solutions, has received a US$5 million pre-seed investment from social commerce platform Brimore.
Milezmore was founded a little over a year ago, and its goal is to help merchants take advantage of their high growth potential by providing cloud logistics solutions that are supercharged.
Providers can offer a seamless fulfillment experience to their clients by using cutting-edge technology to give a comprehensive range of reliable, scalable, and cost-effective fulfillment solutions.
The company’s infrastructure has grown to more than 20,000 square meters, and the company has achieved excellent growth. With 15 delivery hubs around Egypt, it has processed over 15 million products, shipped over a million shipments, and attracted 25 different sectors to its service.
As Milezmore’s first customer, Brimore has committed US$5 million to the startup after it raised a US$25 million Series A funding round last month to help the company grow.
A business in Egypt that provides all three services is a big deal because we’re the first one in the country to do so.” The traditional supply chain, as I’ve seen it over the last four years, was not designed to address the issues of today, and I believe Milezmore was. To put it another way: In just one year, we had the ability to assemble a team that was able to propel the firm ahead and achieve great success. Milezmore’s Ahmed El Attar, managing director, and co-founder believes that the logistics business will be revolutionized in the near future.
Milezmore will be able to rapidly grow its cloud solutions through strong technology, expanded storage space, and increased delivery capacity, and quadruple its workforce to enable a 50X increase in its customer base, thanks to the extra funding.
Read more on Tech Gist Africa:
Kouncel, an Egyptian legal ed-tech business, has received $1.2 million in pre-seed funding
Sudo Africa, a Nigerian startup, has raised $3.7 million in pre-seed funding
