Egyptian Startup Bosta Raises Pre-Series B Funding Round

Egypt-based e-commerce delivery solutions provider Bosta has announced its expansion to Saudi Arabia after completing an undisclosed Series B funding round led by Khwarizmi Ventures and Hassan Allam Holding in addition to other investors. This move was made in line with the country’s Vision 2030 initiatives to support the local economy through various strategic programs aimed at business owners and entrepreneurs. Since its founding in 2017 by Mohamed Ezzat and Ahmed Gaber, Bosta has managed to deliver over 10 million shipments.