The news:
- Egyptian AI-driven logistics startup Roboost has closed $3 million in an investment round to diversify its services by offering eCommerce and middle-mile solutions, thereby offering customised automated systems for businesses.
- Silicon Badia led the round, while several investors, including RZMInvestment, Flat6Labs, and Saudi Angel Investors, participated.
- The AI startup, already operational in Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia, plans to expand into the Middle East and North Africa (MENA).
Roboost, founded in 2020 by Mohamed Gessraha (CEO), is a home delivery management platform that uses AI to automate delivery operations and solve performance issues.
Its self-learning AI system improves client operations by reducing human intervention and automating home delivery fleets. The company achieves this using proprietary machine learning, pre-delivery technology, precision auto-dispatching, and “smart routes” from text addresses. Around 70% of orders completed offline can benefit from this innovative model.
The platform also uses heat maps and analytics to obtain customer insights, employs AI fleet control for advanced fraud detection, and guarantees real-time dynamic fleet payroll.
The platform oversees a network of over 15,000 delivery drivers and provides services to roughly 10 million clients. According to Roboost, up to 40 million orders have been automated.
The company's clientele includes El Ezaby Pharmacies, Jumlaty, Buffalo Burger, and McDonald's (Kuwait and Egypt).
Roboost reports that it has doubled delivery speed, achieved up to a 99.8% task automation rate, effected an 80% reduction in order returns, and reduced operational costs by 30%, all while seeing a 400% increase in revenue year over year.
Additionally, the company reports a 40% increase in average driver productivity and less than 5% fraud.
Besides, Gessraha emphasised the company’s goal of redefining what it means to have automated delivery operations by applying its technology.
Hossam Shafick, an investor at Silicon Badia, expressed confidence in Roboost, citing their investment. He added that the investment firm will help Reboost achieve regional and global success.
Join over 3,000 founders and investors
Give it a try, you can unsubscribe anytime. Privacy Policy.
