Grace Ashiru
Axian Group, a prominent investment firm, has recently disclosed its strategic investment in Bosta, an innovative Egyptian startup reshaping the delivery processing and logistics landscape in Egypt and Saudi Arabia. Utilizing advanced technology, Bosta’s platform optimizes first, middle, and last-mile delivery, delivering unparalleled efficiency and convenience to its users.
Established in 2017 by Mohamed Ezzat and Ahmed Gaber, Bosta has emerged as a pivotal player in the delivery services sector, addressing the requirements of numerous online businesses in Egypt. The startup’s inventive approach guarantees a smooth distribution process, offering a reliable next-day delivery service globally. Bosta has achieved a significant milestone by successfully delivering over 10 million shipments, firmly establishing itself as an industry leader.
Bosta’s distinctive delivery approach hinges on an independent driver network, earning compensation for each successful delivery, effectively managing the first and last mile. For inter-city couriers in the middle mile, Bosta employs a fleet of leased vans.
Following a successful pre-Series B fundraising round, Bosta expanded its operations to Saudi Arabia in 2022. This noteworthy achievement resulted from a strategic investment led by Khwarizmi Ventures, with participation from existing investors and Hassan Allam Holding.
Axian Group’s investment reflects a solid commitment to bolstering Bosta’s growth and advancing its mission to revolutionize the delivery and logistics landscape in the region. As Bosta continues to lead in technology and delivery services, this collaboration represents a significant stride in reshaping the e-commerce and logistics sectors in Egypt and Saudi Arabia.
