Egyptian Startup ShipBlu Raises USD 2.4 Mn Seed Round To Expand

Egypt-based last-mile delivery startup ShipBlu has raised a USD 2.4 Mn seed round led by Nama Ventures with participation from 1984 Ventures, Orange Ventures, Starling Ventures, and other VC funds and angel investors. The startup plans to use the investment to accelerate expansion plans and grow its client base.

ShipBlu operates a delivery and fulfillment model. It delivers packages of all kinds for merchants and retailers ranging from mom and pop stores and social media to fashion retailers who make thousands of shipments and international brands to customers in Egypt.