Egypt e-commerce startup ShipBlu to expand service offering with close of $2.4M seed round

YC-backed Egypt e-commerce startup ShipBlu raises a $2.4 million seed round led by Nama Ventures alongside participation from 1984 Ventures, Orange Ventures, Starling Ventures, alongside other VCs and angel investors. The investment looks to grow the company’s investment and service offering across Egypt.

Running on a fulfillment model, the startup fully launched in August having been founded in 2020 by Ali Nasser, Ahmed ElKawass, Abdelrahman Hosny. ShipBlu delivers packages of all kinds for both its retailers and merchants ranging from social media outreach targeting fashion retailers and mom-and-pop stores. The company connects merchant online stores while monitoring orders through a dashboard. ShipBlu charges customers per package, depending on standard sizes, destination, and speed of shipping.

ShipBlu is competing in the same space with Egypt companies Flextock and Bosta. Speaking to TechCrunch, ShipBlu CEO Nasser hopes to expand the company’s network infrastructure to 99% of the country’s population.