EGYPT – Roboost, the AI-powered logistics startup, has successfully closed a US$3 million investment round led by Silicon Badia, with significant contributions from RZM Investment, Flat6Labs, and Saudi Angel Investors.
This infusion of capital marks a significant milestone for Roboost and will be instrumental in propelling the company’s regional expansion ambitions.
The startup plans to utilize the investment to broaden its scope, not only in delivery operations but also by expanding its e-commerce and middle-mile offerings through tailored automated solutions.
Roboost has gained prominence through its delivery management Software as a Service (SaaS) solution and AI operations copilot, which has streamlined home delivery operations for major brands spanning various industries.
Notable clients include McDonald’s in Egypt and Kuwait, Buffalo Burger, El Ezaby Pharmacies, and Jumlaty across regional markets such as Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia.
The startup’s success lies in its utilization of proprietary machine learning, establishing industry-defining best practices. Roboost has introduced innovations such as pre-delivery technology, precision auto-dispatching, and “smart routes” tailored for riders. This technology is particularly beneficial for the 70% of orders made offline, relying on text addresses.
Roboost’s impact extends beyond route optimization, with real-time dynamic fleet payroll, customer insights through heat-maps and analytics, and advanced fraud detection, ensuring a comprehensive approach to delivery operations.
Currently empowering over 15,000 delivery drivers and serving nearly 10 million unique customers, Roboost has automated more than 40 million orders.
The startup’s achievements include doubling delivery speed by eliminating inefficiencies, achieving 99.8% task automation, reducing order returns by over 80%, and cutting operational costs by 30%. Through enhanced fleet control, average driver productivity has increased by 40%, with fraud levels below 5%.
With a remarkable 400% year-over-year revenue growth, Roboost aims to extend its success across the entire MENA region’s delivery market.
Mohamed Gessraha, CEO and Co-Founder of Roboost, shared his vision for the future, stating, “Our goal is to redefine what it means to have automated delivery operations by applying our technology to our customers’ most detailed workflows.”
The CEO expressed gratitude for the investment, emphasizing its role in propelling Roboost’s growth and solidifying its position as a copilot for enterprises’ delivery operations.
As Roboost charts its course for the future, this investment signifies not only a financial boost but a vote of confidence in the disruptive potential of AI-driven delivery management. The stage is set for Roboost to revolutionize the delivery landscape across the MENA region and beyond.
In October 2023, Roboost partnered with McDonald’s Egypt to help the fast food company automate its last-mile delivery cycle, optimising operations before delivery starts and reducing manual actions.
In 2022 it secured a six-figure seed round from Falak Startups, AUC Angels, and a follow-on funding from Flat6Labs.
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