Cairo-based last-mile delivery startup dreevo, has launched its operations across Egypt, raising a six-figure investment in a bootstrap, Pre-Seed fund from EF Logistics, a third-party logistic services provider. The startup aims to introduce agile and affordable technological solutions that empower E-commerce entrepreneurs.
“We are positioning ourselves to be the partner of choice for all E-commerce startups and merchants in the region. dreevo combines the unrelenting passion and significant experience of our ambitious team to challenge, and completely overhaul the current last-mile ecosystem status quo,” Sameh Shaheen, CEO of dreevo said.
Why The Investor Invested
“dreevo represents the next logical step in our evolution as a third party logistics provider. With their emphasis on advanced analytics combined with the caliber of the team assembled, coupled with our own experience in the logistics field, we have no doubt that dreevo will flourish into a regional market leader in the growing market of last-mile delivery solutions. As such we are extremely excited and proud to count dreevo amongst our burgeoning startup portfolio,” Dr. Ahmed El Zahwi, CEO of EF Logistics said.
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A Look At What The Startup Does
Aiming to simplify the E-commerce business cycle for both merchants and customers, dreevo provides a wide range of last-mile delivery solutions and services that can be custom-tailored to suit a variety of alternative business models. Services such as Door-to-Door Delivery, Warehousing, and Fulfillment, Pick Up Stations, Pick, Choose and Return Services, can all be customized to cater to the merchant’s specific business model.
All of dreevo’s services are backed up by advanced analytics that allows customer experience optimization, as well as delivery monitoring and tracking, that streamline the delivery process.
dreevo is currently operating in 22 cities covering all Egypt and is planning to introduce new services in the Egyptian market and to expand into the MENA region in the near future.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer