Eshi Express, a last-mile delivery startup, has closed a seed funding round from Addis Ababa Angles Network. The amount of money Eshi received is undisclosed.
Addis Ababa Angles Network is sure that Eshi Express, with its close to four-year track record and energetic workforce, is the best-suited firm to revolutionize last-mile delivery in Ethiopia.
Eshi Express aspires to tackle the last-mile delivery dilemma by leveraging streamlined procedures and cutting-edge technology to provide convenience and reduced product prices, allowing businesses to develop without incurring additional costs.
Read also:Kwik Delivery Launches Prestashop Plugin
Eshi hopes to grow up its company and extend to numerous regional locations shortly, thanks to the new investment and strategic backing from AAA Network.
“Eshi Express met AAA’s standards for investment as it is a tech-enabled and scalable business with a great team that is coming out just as the country is experiencing a digital revolution of sorts. They have a unique opportunity to be part of this revolution,” saidYosef Kibur, founder of Yaya Investment & Cofounder of AAA
This is the second time AAA has made a formal investment. Last year, the angel network also invested in Across Express, a logistics startup. Across Express is a platform that links people with service providers for delivery and freight transport needs.
Read also:Nigeria’s Terragon Verified as Leader in Data and Marketing Technology
“We have had our eyes on Eshi Express. It’s all about the team, and we are very confident that Eshi’s Team is positioned for great success. We wish them all the luck — yes to Eshi!” Said Eleni Gabre-Madhin, chief happiness officer at blueMoon, one of the major players in Ethiopia’s growing youth startup ecosystem, stated
Addis Ababa Angels Network, founded in 2020 by a group of investors, invests in businesses and entrepreneurs in exchange for equity ownership, with the goal of creating a vibrant startup ecosystem in Ethiopia that tackles the existing financing gap and targets early-stage creative firms.
A Look At What Eshi Express Does
Founded in 2017 by Tigabu Haile, customers can order delivery service via Eshi’s call center-number 670 or the Eshi App available for download on the App Store and Google Play which allows people to place and track orders live from pick up all the way to delivery.
“At Eshi Express our core belief is companies with a great mission will bring positive and lasting change to society. And we’re excited to partner with Addis Ababa Angel Investors as it will enable us to make a strong impact and expand our reach.” Says Haben Gebre, Eshi Express’s Co-founder and COO, former manager at Amazon U.S. with experience in East and West Africa logistics industry who recently joined Eshi Express.
Currently, Eshi Express’s main operations are in Addis Ababa and two regional cities.
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 write