With Egypt's e-commerce sector growing incredibly fast, logistics companies are constantly boosting their investments to expand operations and improve their infrastructure. In exciting news, Mylerz Egypt has announced securing new funding worth over 100 million Egyptian Pounds! This move is all about supporting their expansion plans and making their delivery, storage, and fulfillment services even more efficient, helping them meet the market's increasing demand. Mylerz Egypt, a company specializing in last-mile delivery, storage, and fulfillment solutions for the e-commerce sector, confirmed this new funding of over 100 million EGP. It's a mix of debt and equity funding from their current shareholders, all aimed at fueling their growth and expansion plans in the Egyptian market. The company explained that this new funding will strengthen its financial position and working capital. This means they can expand their storage and fulfillment infrastructure, increase the capacity of their delivery network, and continue investing in their own tech platform, which powers their same-day and next-day delivery services. Mylerz added that these investments will significantly boost their ability to keep pace with the rapid growth in both e-commerce and cross-border trade within Egypt. They'll continue to provide top-notch services to e-commerce brands across the country. The company emphasized that this new funding puts them in a strong position to capitalize on the growing demand for their services, all while maintaining the operational efficiency and high service quality they've been known for since they started. Samer Gharaibeh, Founder and CEO of Mylerz, shared his thoughts: "This new funding is a strong vote of confidence from our partners who know our business well. Egypt remains the core of our main operations, and this funding gives us the ability to confidently invest in infrastructure, technology, and our talented team. This ensures we continue to deliver high-quality services to our customers and partners every single day."
Related editorial
Ahmed Ameer (Asphalt & Sinbad) Explains Egypt's Shift to Smarter Line Haul Pricing
Egypt's inter-city logistics market is undergoing a significant transformation in how 'Line Haul' services are priced. Entrepreneur Ahmed Ameer explains that the industry is moving away from older methods like per-invoice or per-bag pricing towards a more modern 'per-shipment' model. This exciting shift makes logistics services much easier to measure and scale, ultimately boosting operational efficiency and helping businesses manage their costs more effectively.
Egypt's Tourism Embraces Digital Future: 75% of Historic Sites Going Online
Egypt's tourism sector is really embracing the digital age! A whopping 70% of individual travelers coming to Egypt are now booking their trips online. This big shift is part of a larger plan to move more tourism services onto digital platforms, making things easier and more efficient for visitors.
Fawry and Crystal Pay Partner to Bring Real-time Payment Solutions to Businesses
Fawry and Crystal Mind, through its Crystal Pay arm, have announced an exciting new partnership! They're teaming up to integrate point-of-sale (POS) systems with digital payment solutions. This collaboration aims to significantly boost operational efficiency for merchants and businesses, helping them embrace digital transformation and make transactions smoother and faster.
2B Launches Exciting EGP 1000 Cashback Deal on Home Appliances
Hey there! 2B is rolling out a fantastic new offer, giving customers the chance to get up to EGP 1000 cashback when they purchase selected home appliances. Just remember to use the special code OFF1000 at checkout, but hurry, this great deal is for a limited time!