Sprint, a major e-commerce logistics startup formed in 2019, just celebrated 1 million shipments processed in the last two years.
The company offers technology-enabled solutions that enable e-commerce merchants and retailers to benefit from high-value, end-to-end logistics services powered by artificial intelligence. The company’s creative business model and the phenomenal expansion of the e-commerce market were the key factors of its success.
“Our customizable, light asset, end to end solution, mainly relies on two main pillars, our Innovative Technology along with a solid delivery network. We’ve used Data science to carefully design our delivery stations’ locations and efficiently have a solid delivery network on ground. Based on historical data and machine learning we’re expanding our network to maximize our efficiency,” said Mohamed Deif, Founder and CEO of Sprint.
“By utilizing a hybrid innovative light asset model, which is backed by a powerful and experienced team, also with a technology which is powered by AI and Data Analysis, we are able to deliver world-class logistics services to our clients while maximizing the efficiency of our network and resources. We aim to build on this success by introducing a new quick commerce (Q-commerce) solution and building the largest network of micro-fulfillment centers all over Egypt and are looking forward to expanding our operations into the African market soon,” he added.
Sprint has processed nearly one million shipments with a success rate of more than 90% in the last two years. More than 3000 consumers are served by the company, which has created more than 500 job opportunities in Egypt.
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Sprint is revolutionizing the logistics field with a variety of diversified and integrated business solutions, including e-commerce fulfillment and on-demand warehousing, drop shipping, middle and last mile delivery, exchange and returns management, same-day delivery, and payment collection, all of which can be customized to fit the customer’s unique business model.
“Thanks to our services and solutions portfolio, we have been able to capture a lot of opportunities in the Egyptian market. We are looking forward to expanding our customers’ portfolio by targeting new segments while considering the massive growth of the e-commerce market in the region,” said Ayman Yahia, Commercial Manager of Sprint. “We currently serve 26 governorates across Egypt with a diversified fleet of vehicles to handle different types of products, and a delivery and operations team of highly experienced and professional employees.”
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Sprint has attracted the interest of a number of foreign venture capitalists and investment firms, and it is nearing the completion of its seed round, which will fund the company’s rapid development ambitions for the next few years.
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