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.

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