Monday, April 15, 2024
No menu items!

Top 5 This Week

bama cap

Related Posts

Egypt’s Yalla Fel Sekka secures $7 million Series A funding for expansion.

Yalla Fel Sekka (YFS), a leading on-demand logistics company specializing in quick delivery and dark store management , has raised $7 million in a Series A round. DisruptAD, ADQ’s venture platform, led this funding round.

YFS will be deploying the new funding to expand its presence in cities across Egypt and the MENA region while continuing to build out its network of hubs and optimize productivity. It will focus on furthering its leadership in machine learning and in developing its innovative operational strategies.

YFS is the only reliable and cheap immediate delivery service for businesses in Egypt’s urban areas, the region’s largest and fastest-growing economy.

- Ad -

YFS is already a leader in the country’s quick delivery market for groceries, food, e-commerce consolidators, retailers, and pharmaceutical products, thanks to its digital platform and diverse fleet of 1,000 motorbike and van drivers.

YFS is constructing the region’s critical infrastructural backbone for next-generation logistics services and aims to build Egypt’s largest urban distributed network of dark stores and micro-warehouses.

- Ad-

“We are now delivering over 10,000 orders per day while being gross margin positive only 18 months after launch in a vibrant but competitive market. Our gross merchandise volume is growing at a monthly rate of 20% and our customer retention is above 90%,” said Yasmine Abdel Karim, CEO and co-founder of YFS.

YFS, co-founded by Khashayar Mahdavi and Yasmine Abdel Karim, has risen to the top of the field in the country because of its skilled operations staff and constant efficiency advancements, resulting in a high utilization rate.

- Ad -

Customers anticipate near-instant deliveries, which YFS is meeting with its patented, data-driven technology. Since its inception in March 2020, the company has developed at an exponential rate, completing two million deliveries across Egypt.

Cairo, Giza, Alexandria, Mansoura, and Tanta are among the cities where YFS has expanded its operations.

“We are very pleased to welcome DisruptAD alongside our original seed investors as we see tremendous growth and opportunities ahead. YFS’s accelerating growth in its fleet size, a pool of drivers, micro-warehouses and dark stores is creating a powerful network effect, enabling us to dominate instant delivery in Egypt,” added Khashayar Mahdavi, co-founder and Chief Strategy Officer of YFS.

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]

Popular Articles