Egypt's Roboost, a logistics startup using AI to revolutionize delivery, has secured $3 million in fresh funding, led by Silicon Badia. RZM Investment, Flat6Labs, and a group of Saudi Arabian angel investors also participated in the round.
Founded in 2018 by Mohamed Gessraha, Hassan Gessraha, and Mohamed Ali Sadek, Roboost currently operates in Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia. The company's cutting-edge approach has impressed investors, with Hossam Shafick of Silicon Badia stating, "We're confident in the team's vision and capabilities, and excited to support their regional and global ambitions."
This capital injection will fuel Roboost's expansion across the MENA region and unlock diversification into e-commerce and middle-mile solutions. Roboost's AI-powered platform sets it apart, boasting proprietary machine learning algorithms that redefine delivery automation. Features like pre-delivery technology, precision auto-dispatching, and "smart routes" generated from text addresses showcase the company's commitment to efficiency. This data-driven approach optimizes 70% of offline orders.
Beyond automating tasks, Roboost ensures real-time dynamic fleet payroll, leverages customer insights from heat maps and analytics, and utilizes AI fleet control for advanced fraud detection. This comprehensive approach maximizes customer satisfaction and operational efficiency.
With over 15,000 delivery drivers serving nearly 10 million unique customers, Roboost has automated a staggering 40 million orders. The impact is undeniable – a doubling of delivery speed, a 99.8% task automation rate, an 80% reduction in order returns, and a 30% decrease in operational costs. Furthermore, average driver productivity has soared by 40%, while fraud levels remain below 5%, confirming Roboost's dedication to excellence.
This exceptional performance, coupled with a remarkable 400% year-over-year revenue growth, fuels Roboost's ambitions for further success. The $3 million investment will not only solidify their MENA dominance but also facilitate their foray into e-commerce and middle-mile solutions, offering businesses customized automated solutions.
"We aim to redefine automated delivery by applying our technology to our customers' most specific workflows," emphasizes Mohamed Gessraha, CEO and Co-Founder of Roboost.
As Roboost sets its sights on the future, this investment marks not just a financial boost, but a pivotal step in their journey to transform the MENA delivery landscape with AI-powered efficiency and customer-centric solutions.
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