Deal Street

African Startup Funding Tracker

$762,170,250+

*Data updated daily at 18:00 EAT

Egyptian Logistics Startup Bosta Raises New Investment
Egyptian Logistics Startup Bosta Raises New Investment

Axian Group, one of the leading investment firms, has recently announced its strategic investment in Bosta, an Egyptian startup revolutionizing the delivery processing and logistics landscape in Egypt and Saudi Arabia. The new investment will enhance Bosta’s growth and advance its delivery and logistics services in the region.

Bosta offers its users first, middle, and last-mile delivery, guaranteeing a next-day delivery service across the globe. Its services are used by over 3,000 businesses to deliver products all around Egypt. Bosta’s delivery model relies on a network of independent drivers who are compensated for each successful delivery, effectively handling the first and last miles. The middle mile, for inter-city couriers, is managed through a fleet of leased vans.