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Cairo-based peer-to-peer international shipping startup HitchHiker has announced that it has secured $200 000 in a round of funding led by Dubai based angel investors.
The startup made the announcement last Friday (19 October) in a post on Facebook. “We Couldn’t Be More Proud We Raised $200,000 in our first Seed Round of Investment. Thanks to our users who trusted us and used our app as Shoppers or Travelers ,” the company posted.
HitcHiker was founded last year by CEO Hussein El-Terawy (pictured above, left) CTO Hassan Selim (pictured above, right). The startup connects shoppers with travellers from around the world through its iOS and Android apps.
HitchHiker was founded last year by CEO Hussein El-Terawy and CTO Hassan Selim
Shoppers can order their items and save money on shipping, while travellers get to earn money while travelling by carrying shoppers’ packages which usually consist of clothes, makeup, mobile phones and other personal items.
HitchHiker’s Android app has been installed over 10 000 times. Crunchbase estimates that over the last month, the startup’s apps have been downloaded over 8500 times across both Android and iOS platforms.
Featured image (left to right): HitchHiker founders Hussein El-Terawy and Hassan Selim via Facebook