Egypt-based last-mile delivery startup dreevo on Thursday, 8 October 2020 announced that it has raised an undisclosed six-figure pre-seed funding from EF Logistics, a third-party logistics service provider.
dreevo will utilise the investment to introduce new services in the market and expand into the Middle East and North Africa region in the near future.
Founded in May 2020, the logistics startup dreevo is operational in 22 cities across the country and aims to simplify the e-commerce business cycle for both merchants and customers, offering its clients door-to-door delivery, warehousing and fulfilment, pick up stations, choose and return services, all of which can be customised to cater to the merchant’s business model.
Commenting on the occasion of launch, Sameh Shaheen, CEO at dreevo in a statement, said,
“We are positioning ourselves to be the partner of choice for all e-commerce startups and merchants in the region,”
On backing dreevo, Ahmed El Zahwi, CEO at EF Logistics, said,
“dreevo represents the next logical step in our evolution as a third party logistics provider. With their emphasis on advanced analytics combined with the calibre of team assembled, coupled with our own experience in the logistics field; we have no doubt that dreevo will flourish into a regional market leader in the growing market of last mile delivery solutions,”