Axian Group, a leading investment firm, has recently announced its strategic investment in Bosta, the pioneering Egyptian startup revolutionizing the delivery processing and logistics landscape in Egypt and Saudi Arabia. Leveraging cutting-edge technology, Bosta’s platform optimizes 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 mile. 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 toward transforming the e-commerce and logistics sectors in Egypt and Saudi Arabia.
Update: Avanz Capital, and Beltone Holding are other investors aside Axian Group in the latest funding round in Bosta. Bosta stands out as the market leader in Egypt, serving more than 25,000 businesses since its inception.
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard.