Roboost, a startup in Egypt that specialises in delivery management, has raised $3 million in funding to support its projected regional expansion.
Silicon Badia led the investment round, and Saudi Angel Investors, RZM Investment, and Flat6Labs also participated.
Roboost is an AI-powered delivery management software as a service (SaaS) solution that was founded in 2020 by Mohamed Gessraha, Hassan Gessraha, and Mohamed Ali Sadek. It completely automates all stages of the last-mile delivery cycle without the need for human participation.
Roboost powers over 15,000 delivery drivers, serving nearly 10 million unique customers and automating over 40 million orders. Major brands it works with include McDonald’s Egypt and Kuwait, Buffalo Burger, El Ezaby Pharmacies, and Jumlaty across regional markets including Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia.
Mohamed Gessraha, CEO and co-founder of Roboost, said, “With this investment, we can take Roboost’s transformative power to businesses throughout the MENA region and propel the next phase of our growth, by making Roboost the copilot for any enterprise’s delivery operations.” “Our objective is to apply our technology to our customers’ most detailed workflows, thereby redefining what it means to have automated delivery operations.”
Investor at Silicon Badia Hossam Shafick stated that his company was “excited” to support a “game-changer” in the delivery management industry.
“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,” he said. “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.”
Roboost has already seen a 400% increase in revenue year over year. With the investment, the company intends to leverage this success to expand its middle-mile and e-commerce products with more customised automated solutions, as well as to carry over this achievement throughout the MENA delivery industry.
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