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Riyadh-headquartered B2B last-mile delivery start-up, WeDeliver has announced the closing of an unprecedented $2.4 million Pre-Seed Round. The round included the participation of Saudi logistics company Salasel Alemdad, VEST investment company, Palestine Paltel Telcom Group, the Mutasami family fund, Arcom Technologies, along with Angels from leading management consulting firms, members of the Riyadh Chamber of Entrepreneurship Organization.
Founded in April 2020, WeDeliver has built a tech-driven asset-light operational model to provide reliable and cost-efficient last-mile delivery services. Promising same-day delivery for same city shipments, the last-mile delivery startup dispatches crowdsourced fleets of freelancers as well as utilizes crowdsourced warehouses. Based on MAGNiTT’s flagship MENA H1 2021 Venture Investment Report, the E-commerce industry in MENA witnessed a 10% growth in H1’21 YoY, while Delivery & Logistics jumped 5 ranks to become the 4th most funded sector in MENA- this puts startups with ingenious solutions like WeDeliver in a favorable and lucrative position.
The tech-driven platform connects e-commerce businesses with drivers heading in their direction to deliver parcels to the end consumers.WeDeliver also crowdsources its sorting hubs, resulting in easy-to-find locations used as collection spots for an easier and faster pick-up and drop-off operation. This disruptive crowdsourced model has been reaping promising results and this stellar round further validates WeDeliver’s vision as Ahmad Ramahi, Co-founder and CEO of WeDeliver highlights: “WeDeliver is a MENA start-up with a global vision, driven by an experienced team. We have ambitious plans to enrich our growth in the Saudi market and look forward to expanding to new regional markets.“
WeDeliver’s asset-light collaborative model is set to disrupt intra-city logistics, servicing Riyadh, Jeddah, and Dammam with on-demand last-mile delivery solutions. Nasser Almaawi, Co-founder of WeDeliver, says: “We realize that the overall experience of e-commerce is directly linked to the quality of last-mile delivery. Despite achieving a 300% growth rate last quarter, we pay attention to the quality of service, therefore, we are promising to provide an exceptional customer experience through a personalized delivery process by offering different last-mile delivery options with verified drivers, transparent pricing, and excellent customer support”.
The Saudi-based startup plans to utilize its newly acquired funds to expand further into the Saudi market, access regional markets, and further develop it’s technology. Mohammad Abu Kwaik, Co-founder and CTO concludes: “We are on a mission to develop a unique product to serve the fast evolution of our operations and to meet the fast-growing market’s needs. Our operational model is incomplete without equipping it with top-notch technology solutions to enhance user experience, with more focus on the automation, optimization and using data.”
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