• Egypt-based logistics startup Bosta has raised investment from Axian Group. The amount raised remains undisclosed.
• Founded in 2017 by Mohamed Ezzat and Ahmed Gaber, Bosta offers its users first, middle, and last-mile delivery, guaranteeing a next-day delivery service across the globe.
• The new investment will enhance Bosta’s growth and advance its delivery and logistics services in the region. 
• In 2022, Bosta extended its operations to Saudi Arabia after completing an undisclosed pre-Series B funding round led by Khwarizmi Ventures and Hassan Allam Holding, in addition to other investors.

Source: Afrikan Heroes

Axian Group, a leading investment firm, has recently announced its strategic investment in Bosta, the pioneering Egyptian startup revolutionising the delivery processing and logistics landscape in Egypt and Saudi Arabia. Leveraging cutting-edge technology, Bosta’s platform optimises first, middle, and last-mile delivery, providing unmatched efficiency and convenience to its users.

Founded in 2017 by Mohamed Ezzat and Ahmed Gaber, Bosta has become a cornerstone in the delivery services sector, catering to the needs of thousands of online businesses in Egypt. The startup’s innovative approach ensures a seamless distribution process, offering a guaranteed next-day delivery service across the globe. To date, Bosta has successfully delivered over 10 million shipments, solidifying its position as a leader in the industry.

Bosta’s unique delivery model relies on a network of independent drivers who are compensated for each successful delivery, effectively handling the first and last miles. The middle mile, for inter-city couriers, is managed through a fleet of leased vans.

Following a successful pre-Series B fundraising round, Bosta expanded its operations to Saudi Arabia in 2022. This significant milestone was achieved through a strategic investment round led by Khwarizmi Ventures, with participation from existing investors and Hassan Allam Holding.

Axian Group’s investment signifies a strong commitment to supporting Bosta’s growth and advancing its mission to redefine the delivery and logistics landscape in the region. As Bosta continues to pioneer advancements in technology and delivery services, this collaboration marks a significant step towards transforming the e-commerce and logistics sectors in Egypt and Saudi Arabia.