Egypt-based logistics startup Roboost, has closed a $3 million investment round, led by Silicon Badia, with contributions from RZM Investment, Flat6Labs, and Saudi Arabian angel investors.
Founded in 2018 by Mohamed Gessraha, Hassan Gessraha and Mohamed Ali Sadek, Roboost provides AI-powered delivery solutions in Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia.
Hossam Shafick, investor at Silicon Badia, expressed enthusiasm about supporting Roboost, stating, “Our investment is a testament to our belief in the team’s vision and capabilities, and we are eager to support their journey towards regional and global success.”
The new investment will allow Roboost to expand its footprint across the Mena region as well as diversify its offerings by expanding into e-commerce and middle-mile solutions.
What sets Roboost apart is its innovative use of proprietary machine learning, introducing groundbreaking best practices that redefine the standards in delivery automation. The introduction of pre-delivery technology, precision auto-dispatching, and smart routes based on text addresses showcases the company’s commitment to efficiency. Approximately 70% of orders made offline benefit from this cutting-edge approach.
In addition to these features, Roboost ensures real-time dynamic fleet payroll, leverages customer insights from heat maps and analytics, and employs AI fleet control for advanced fraud detection. The platform’s comprehensive approach enhances customer satisfaction and streamlines operational efficiency.
With a vast network of over 15,000 delivery drivers and serving nearly 10 million unique customers, Roboost has automated an impressive 40 million orders. The impact is staggering – a doubling of delivery speed, a 99.8% task automation rate, an 80% reduction in order returns, and a 30% decrease in operational costs. Moreover, an increase in average driver productivity by 40% and fraud levels below 5% underscore Roboost’s commitment to excellence.
With a remarkable 400% year-over-year revenue growth, Roboost is poised for further success. The $3 million investment will play a pivotal role in extending this success story across the entire MENA region’s delivery market. Additionally, Roboost aims to diversify its offerings by expanding into e-commerce and middle-mile solutions, providing tailored automated solutions for businesses.
Mohamed Gessraha, CEO and Co-Founder of Roboost, highlighted the transformative potential of the investment, saying, “Our goal is to redefine what it means to have automated delivery operations by applying our technology to our customers’ most detailed workflows.”
As Roboost charts its course for the future, this investment signifies not only a financial