Egyptian Startup Bosta Raises USD 6.7 Mn Series A For Expansion

Egypt-based e-commerce logistics startup Bosta has announced that it has closed a Series A funding of USD 6.7 Mn. The round was led by U.S. and Middle East VC agency Silicon Badia with participation from 4DX Ventures, Plug and Play Ventures, Wealth Well VC, Khwarizmi VC, and other regional and world traders.

The startup provides last-mile delivery services to online businesses in Egypt. Its services are used by over 3,000 businesses to deliver products all around Egypt. Bosta plans to use the funds to expand to Saudi Arabia and other markets while also scaling operations in Egypt.