Sprint, a leading e-commerce logistics startup founded in 2019, has celebrated processing one million shipments in the last two years.
The company delivers technology-enabled solutions that allow e-commerce merchants and retailers to take advantage of high-value, end-to-end logistics services powered by artificial intelligence. The company’s success was largely due to its innovative business model and the phenomenal expansion of the e-commerce market.
Speaking of the achievements so far, Mohamed Deif, Founder & CEO of Sprint, in a statement said,
“Our customizable, light asset, end to end solution, mainly relies on two main pillars, our Innovative Technology along with a solid delivery network. We’ve used Data science to carefully design our delivery stations’ locations and efficiently have a solid delivery network on ground. Based on historical data and machine learning we’re expanding our network to maximize our efficiency.”
“By utilizing a hybrid innovative light asset model, which is backed by a powerful and experienced team, also with a technology which is powered by AI and Data Analysis, we are able to deliver world-class logistics services to our clients while maximizing the efficiency of our network and resources. We aim to build on this success by introducing a new Q-commerce (‘Quick Commerce’) solution and building the largest network of micro-fulfilment centres all over Egypt and are looking forward to expanding our operations into the African market soon.” – Deif added.
In the last two years, Sprint has processed approximately one million shipments with a success rate of more than 90%. The company serves more than 3000 customers and has created more than 500 job opportunities in Egypt.
Sprint is revolutionizing logistics with a wide range of diversified and integrated business solutions, including e-commerce fulfillment and on-demand warehousing, drop shipping, middle and last mile delivery, exchange and returns management, same-day delivery, and payment collection, all of which can be customized to fit the customer’s specific business model.
“Thanks to our services and solutions portfolio, we have been able to capture a lot of opportunities in the Egyptian market. We are looking forward to expanding our customers’ portfolio by targeting new segments while considering the massive growth of the e-commerce market in the region,” said Ayman Yahia, Commercial Manager of Sprint. “We currently serve 26 governorates across Egypt with a diversified fleet of vehicles to handle different types of products, and a delivery and operations team of highly experienced and professional employees.”
Sprint has attracted the attention of a number of global venture capitalists and investment firms, and the company is reaching the end of its seed round, which will fund the company’s rapid development plans for the next few years.