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Egyptian e-commerce startup FwRun acquired by Saudi logistics company.

FwRun, an Egyptian e-commerce solutions provider, has been acquired by Diggipacks, a Saudi Arabian last-mile delivery and logistics company, as the latter seeks to expand its presence in Egypt.

FwRun was founded in Cairo, Egypt, in the last quarter of 2019 by co-founder and CEO Khaled El-Nimr and his partner, Ahmed Maghraby, as a fulfillment center providing storage and handling services. Due to the high demand for this service, the company quickly attracted a number of merchants as well as a number of international brands.

Founded by Hasan Jabarti in 2020, Diggipacks is a service that connects together organizations that handle last-mile and fulfillment needs so that retailers can deliver their shipments with ease.

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FwRun’s CEO, Khaled, expressed optimism about the partnership’s Egyptian and Saudi Arabian expansions, claiming that they will benefit Egypt’s small and medium businesses and that increased cross-border trade opportunities will lead to the adoption of innovative technology in the Egyptian market.

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Weddy Thuranira
Weddy Thuranira
Weddy profiles new startups and innovators across Africa and announces funding rounds, mergers, acquisitions and startup partnerships across Africa. She is based in Nairobi, Kenya. Reach her and the entire news desk at [email protected]

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