Egypt startup ShipBlu closes investment round led by Nama Ventures
ShipBlu, an Egypt e-commerce shipping and fulfillment startup has secured an investment led by y Nama Ventures. The company offers a different shipping experience for the e-commerce sector by relying on artificial intelligence and machine learning technology developed.
Ali Nasser, Abdul Rahman Hosni, and Ahmed Al Kawa founded ShipBlu in October 2020. A combination of their expertise in different fields resulted in solutions that have helped find the right solutions that transform last-mile shipping and delivery experience.
In a statement, the company CEO Ali Nasser described the shopping experience in egypt as generally “easy and convenient” however, the delivery experience “ turns people off”. He attributed this problem to “poor infrastructure” and “poor road management.”
The Fund Manager at Nama Ventures, Mohamed Al-Zoubi, revealed that this was their first investment in Egypt.
We earlier covered how ShipBlu has been nominate to the YC21 batch.