Bosta, an Egyptian logistics startup, secures new funding to continue its expansion plans

Mohamed Ezzat and Ahmed Gaber founded Bosta in 2017, which offers logistics and delivery services to businesses in Egypt and Saudi Arabia. The logistics startup reportedly ranks among the top 20 in Cairo, Egypt and claims to have done over 10 million shipments.

Bosta's mobile or web application allows users to send and receive packages while communicating and monitoring deliveries in real-time.

Before the pre-Series B round led by several investors, including Khwarizmi Ventures and Hassan Allam Holding, the company raised $6.7 million in a Series A round in 2021 led by Silicon Badia, a venture capital firm based in the United States and Middle East. 

The company planned to use a portion of the Series A funding to expand into Saudi Arabia and the United Arab Emirates. It announced opening an office in Riyadh and plans to open more in Saudi Arabia as part of its expansion strategy.