Cairo-based ShipBlu Secures Pre-Seed Investment

Interested in more data on startup investments? Access our data on 6070+ startup funding rounds


ShipBlu, Cairo’s latest Last Mile Delivery startup has just joined Y-Combinator’s Summer 2021 Batch closing its Pre-Seed funding round successfully. The round was led by Nama Ventures with the participation of Y-Combinator and angel investors from San Francisco, CA, and Saudi Arabia.

Founded in October 2020, ShipBlu is a fully integrated platform built to deliver a unique e-commerce shipping experience. Powered by its own AI and machine learning technology, ShipBlu dispatches fleets to deliver timely shipments, allowing customers to choose their preferred 3-hour windows and live track couriers across locations. ShipBlu also provides e-commerce fulfillment services, with planned fulfillment centers across all of Egypt.


 


Commenting on this promising achievement and expressing his thoughts on the platform, Ali Nasser, Co-founder & CEO, says “People are excited about shopping online in Egypt because it’s effortless and convenient. Unfortunately, a lot of times the delivery experience really puts people off. Some of it is due to a lack of infrastructure, some of it is due to poor resource management. At ShipBlu, we’ve solved both parts of that problem. We promise to deliver a shipping experience that customers will look forward to so that merchants can stay focused on what matters, and customers can continue to enjoy online shopping.”

This wouldn’t be Nama Ventures' first early stage funding and surely not their last as they commit to kickstarting tech innovations in MENA.  Celebrating their first Egypt-based investment Managing Partner Mohammed Alzubi comments “We are super proud to have ShipBlu be our first investment in Egypt...We are witnessing firsthand what a well-rounded team with complementary skillsets can do in a very short time. Riding with Ali, Ahmed, and Abdelrahman on the ShipBlu spaceship has already been exciting, but we can't wait to see what the future holds together”.


Explore Egypt’s 300+ E-commerce and Delivery startups