Cairo- Sharikat Mubasher: Egyptian AI-powered logistics startup Roboost secured $3 million in a funding round led by Silicon Badia, with participation from Rizm for Investment, Flat6Labs, and Saudi angel investors, the startup revealed in a statement.
The investment vehicle will be dedicated to accelerating the startup’s plans to expand in the entire Middle East and North Africa (MENA) region.
Roboost is a delivery management SaaS solution and AI operations copilot. It helped fully automate home delivery operations for major brands in Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia.
Mohamed Gessraha, CEO and Co-Founder of Roboost, said: “This investment enables us to bring Roboost’s transformative power to businesses across the MENA region and propel the next phase of our growth, by making Roboost the copilot for any enterprise’s delivery operations.”
Meanwhile, Hossam Shafick, Investor at Silicon Badia, commented: “Our investment is a testament to our belief in the team’s vision and capabilities, and we are eager to support their journey towards regional and global success.”
Roboost helped customers double delivery speed by cutting out inefficiencies by powering over 15,000 delivery drivers, serving nearly 10 million unique customers, and automating more than 40 million orders.
It has set standard-defining best practices, through the introduction of pre-delivery technology, offering precision auto-dispatching thanks to automated key in-store decisions, as well as “smart routes” for riders based on text addresses, ideal for the 70% of orders made offline.
