Ciaro - Sharikat Mubasher: Mylerz Egypt, a leading integrated e-commerce last-mile delivery company in Egypt, raised more than EGP 100 million (around $2 million) in new debt and equity funding from its existing shareholders.

Mylerz will use the funding to strengthen its balance sheet and working capital position, scale fulfilment infrastructure, and expand network capacity, the company stated in a press release yesterday.

The funding was led by Lorax Capital Partners, and saw participation from Fawry and a group of existing investors.

The proceeds will help Mylerz continue investing in the proprietary technology platform and reinforce its ability to serve the fast-growing volumes moving through Egypt's e-commerce and cross-border trade channels.

Samer Gharaibeh, Founder and Chief Executive Officer of Mylerz, commented: “This fresh funding is a strong vote of confidence from partners who know our business well. Egypt remains the heart of our operations, and this capital allows us to invest with conviction in the infrastructure, technology, and people that keep us delivering for our merchants and their customers every day.”

The funding positions Mylerz to meet the rising demand while maintaining the operating discipline and service quality that have defined the business since launch.