Bosta raises new investment from Axian Group

Axian Group, a prominent investment firm, has recently disclosed its strategic investment in Bosta, an innovative Egyptian startup reshaping the delivery processing and logistics sector in Egypt and Saudi Arabia. Utilizing state-of-the-art technology, Bosta's platform optimizes the entire delivery process, from the first mile to the middle mile and the last mile, providing unparalleled efficiency and convenience for its users.

Bosta's distinctive delivery model relies on a network of independent drivers, compensated for each successful delivery, effectively managing the first and last mile. The middle mile, involving inter-city couriers, is overseen through a fleet of leased vans.

After a prosperous pre-Series B fundraising round, Bosta expanded its operations to Saudi Arabia in 2022. This significant achievement was made possible through a strategic investment round led by Khwarizmi Ventures, with participation from existing investors and Hassan Allam Holding.

Axian Group's investment demonstrates a firm commitment to supporting Bosta's growth and advancing its mission to redefine the delivery and logistics landscape in the region. As Bosta continues to spearhead technological advancements in delivery services, this collaboration represents a noteworthy stride toward transforming the e-commerce and logistics sectors in Egypt and Saudi Arabia.

Established in 2017 by Mohamed Ezzat and Ahmed Gaber, Bosta has become a cornerstone in the delivery services industry, serving the needs of numerous online businesses in Egypt. The startup's inventive approach ensures a seamless distribution process, guaranteeing next-day delivery services worldwide. Bosta has, to date, successfully completed over 10 million shipments, solidifying its leadership position in the sector.