Egypt-based dreevo launches operations with six-figure funding round

dreevo, a last-mile delivery-focused startup, launched its operations today covering all of Egypt. The company raised six-figures in a bootstrap, Pre-Seed fund from EF Logistics, a third-party logistic services provider, to introduce agile and affordable technological solutions that empower E-commerce entrepreneurs.

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Aiming to simplify the E-commerce business cycle for both merchants and customers, dreevo provides a wide range of last-mile delivery solutions and services that can be custom-tailored to suit a variety of alternative business models. Services such as Door-to-Door Delivery, Warehousing, and Fulfillment, Pick Up Stations, Pick, Choose and Return Services, can all be customized to cater to the merchant’s specific business model.

Sameh Shaheen, CEO of dreevo said, “We are positioning ourselves to be the partner of choice for all E-commerce startups and merchants in the region. dreevo combines the unrelenting passion and significant experience of our ambitious team to challenge, and completely overhaul the current last-mile ecosystem status quo.”

All of dreevo’s services are backed up by advanced analytics that allows customer experience optimization, as well as delivery monitoring and tracking, that streamline the delivery process.

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Dr. Ahmed El Zahwi, CEO of EF Logistics said, “dreevo represents the next logical step in our evolution as a third party logistics provider. With their emphasis on advanced analytics combined with the caliber of the team assembled, coupled with our own experience in the logistics field, we have no doubt that dreevo will flourish into a regional market leader in the growing market of last-mile delivery solutions. As such we are extremely excited and proud to count dreevo amongst our burgeoning startup portfolio."

dreevo is currently operating in 22 cities covering all Egypt and is planning to introduce new services in the Egyptian market and to expand into the MENA region in the near future.

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