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Logistics Tag

Egypt Logistics Startup ILLA Receives $500 000 In Funding

Egypt-based logistics startup ILLA, has received a reported $500 000 in funding from Averroes VC, AUC Angels, and a group of local and regional strategic angel investors with follow-on funding from Flat6Labs Cairo.  The secured funding will be utilised to expand ILLA’s local market reach and explore its product reach to operate in regional markets.  Delivery logistics marketplace ILLA receives funding to expand the local market In an official press release, Mariam Kamel, Manager at AUC Angels, who invested in ILLA praises the ILLA team, commenting on the current shifts taking place in the logistics technology industry, adding that ILLA has a unique innovation that will grow the market. “The ailing...

yolda Raises $830K in Seed Funding

yolda, a Turkish digital logistics startup, raised $830K in seed funding. The round was led by Collective Spark with participation from angel investors Barbaros Özbuğutu (founder of iyzico), Florian Gschwandtner (founder of Runtastic), Marcus Mosen (investor in N26, iyzico) and Stefan Kalteis. Read other: How Waste Is Turning To Wealth Across Africa The company intends to use the funds to expand its team and increase automation and operational efficiency. Co-founded by Volkan Özkan and C. Murad Özsert, Yolda is a digital logistics operator providing a marketplace service that offers partial shipment services to businesses through automating transportation processes and digitizing logistics operations. Companies can also track their shipments...

Kenyan Logistics Startup Secures Funding From GreenTec Capital

Kenyan logistics startup, Amitruck, has secured an undisclosed amount of funding from GreenTec Capital. Amitruck was co-founded by brothers, Mark and Timothy Mwangi in January 2019 as a vehicle-hailing company which connects traders to trucks, pick-ups, and motorcycles for goods delivery. The startup describes itself as “an innovative mobile and web-based trucking logistics platform that brings together cargo owners and transporters for their mutual benefit.” By matching cargo owners with trucking logistics professionals through a digital competitive bidding process, Amitruck is looking to bring trust and transparency into the USD 160 Bn African logistics sector.  Amitruck’s solution cuts out expensive middlemen whilst increasing security as all drivers and vehicles are...

Newtown Partners & Imperial Logistics Launch $20m VC Fund For Logistics Startups

SA-based Venture Capital firm, Newtown Partners has teamed up with logistics firm, Imperial, to launch a fund dedicated to investing in high-growth supply chain and logistics startups. The corporate venture fund plans to make an initial investment of US$ 20 million. Newtown Partners was founded in 2014 as the result of a Dragon’s Den deal between Vinny Lingham and Llew Claasen. It has since made investments in Bloomable, Civic, SweepSouth, and the now defunct Wala. Co-founder and General Partner of Newtown Partners, Vinny Lingham, said, “This programme will contribute to the long-term success of the organisation by identifying and leveraging startups deploying emerging technologies and business models in key geographical and logistics...

Egypt’s Elmenus raises $8 million Series B to expand further into food delivery

Cairo-based food discovery and ordering platform Elmenus has raised $8 million in a Series B round, it announced today in a statement to MENAbytes. The investment was led by Dubai-based Global Ventures and Cairo-based Algebra Ventures with participation from Tarek Sakr and Hamad Al Homizi, the co-founders of Kuwait’s 4Sale who recently partially exited their startup to NBK Capital. The round takes Elmenus’ total raise to date close to $10 million. Read more from source article: https://www.menabytes.com/elmenus-series-b/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Tunisian bike taxi startup IntiGo raises over $300,000, expands into food delivery

Tunisian bike taxi startup IntiGo has raised over $300,000 in funding from angel investors, it told MENAbytes today. The startup had raised another $300,000 around the time of its launch three months ago. According to its website, its investors include Aziz Ketari, Hedi Ketari, Ahmed Mhiri, Welid Mnif, Hedi Hachouch, Slim Bouzguenda, Malek Ben Ayed, and Mehdi Triki. Read more from source article: https://www.menabytes.com/intigo-300k/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Chinese logistics service platform, Yimidida raises $143m in Series D+ round

Shanghai-based logistics solutions provider Yimidida Supply Chain Holdings Ltd has garnered approximately 1 billion yuan ($143 million) in its Series D+ round from a set of undisclosed investors, per a company statement on Tuesday.  Read more from source article: https://www.dealstreetasia.com/stories/china-yimidida-series-d-round-175368/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Meet Afri Ride, SA’s latest ride-sharing app [Q&A]

The latest is Afri Ride, which launched in December and offers travellers the ability to share a ride with drivers, wherever they go on the African continent. Behind the app is Joe Moyo (pictured above), the startup’s managing director. In a statement in December he described the app as simple to use. “All that users have to do is, to upload their travel details such as the start and end location, travel date and the number of empty seats that are available, this then allows travellers heading in the same direction to book their seat.” “The most wasted resources, from a vehicle capacity standpoint, are the empty seats in...

Kenyan logistics startup Sendy raises $20M round backed by Toyota

Africa’s logistics startup space has gained another multi-million-dollar round with global backing. Kenyan company Sendy — with an on-demand platform that connects clients to drivers and vehicles for goods delivery — has raised a $20 million Series B led by Atlantica Ventures. Toyota Tsusho Corporation, a trade and investment arm of Japanese automotive company Toyota, also joined the round. Sendy’s  raise comes within six months of Nigerian trucking logistics startup Kobo360’s $20 million Series A backed by Goldman Sachs. In November, East African on-demand delivery venture Lori Systems hauled in $30 million supported by Chinese investors. Those companies have plotted Africa expansions into each other’s markets and broader Africa. With its latest round, Sendy ups its...

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