Egypt startup launches with six-figure seed funding

https://www.facebook.com/dreevo.eg/photos/236578204719783

An Egypt-based and delivery focused startup, dreevo, has secured a six-figure pre-seed fund from EF Logistics, a third party logistic services provider. 

 dreevo has received an undisclosed six-figure of USD in funding

Dr. Ahmed El Zahwi, CEO of EF Logistics comments on investing in the innovative delivery tech startup disrupter. 

dreevo represents the next logical step in our evolution as a third-party logistics provider. With their emphasis on advanced analytics combined with the caliber 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. As such we are extremely excited and proud to count dreevo amongst our burgeoning startup portfolio.”

The funding has enabled the innovative technology and logistics service provider, dreevo to provide affordable technological solutions for eCommerce entrepreneurs. 

CEO of dreevo, Sameh Shaheen explains that the startup aims to empower local entrepreneurs and SMEs by providing an easy-to-use delivery service.  

“We are positioning ourselves to be the partner of choice for all e-commerce startups and merchants in the region. dreevo combines the unrelenting passion and significant experience of our ambitious team to challenge, and completely overhaul the current last-mile ecosystem status quo.”

Technological delivery solutions

Founded in May 2020, dreevo aims to simplify the eCommerce business cycle for both merchants and customers through a wide range of ”last-mile” delivery solutions and services. dreevo provides custom-tailored packages to its clients to suit a range of alternative business models. 

Some of these services include door-to-door delivery, warehousing and fulfillment, pick-up stations, and choose and return services. All of these services provided can be customised to the client’s needs and the SMEs or entrepreneur’s business model. 

Optimising on merging technological solutions with a simplified delivery service, dreevo also provides its clients with insightful data, customer experience optimisation along with delivery monitoring and tracking. 

The Egypt-based startup currently operates in 22 cities across the country and plans to introduce a range of new services in the local market. In addition, dreevo plans to expand its offering into the Middle East and North Africa region in the future. 

Read more: Egypt startup Paymob raises $3.5-million
Read more: Egypt tech startup secures six-figure capital funding
Featured image: dreevo, Facebook 

Ishani Chetty: Editor
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