iMile Delivery Secures $40 Million Bridging Chinese Sellers to Emerging Markets

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DUBAI, UAE, Nov. 30, 2021 /PRNewswire/ -- Dubai-based delivery company iMile founder and CEO Rita Huang, formerly of Alibaba and Huawei, today announced a $40 Million Series A financing round at a 350 million US dollar valuation. This is the largest series A round by a woman in the region and a key step forward in meeting her vision to transform the logistics chain between Chinese sellers and the rest of the world.

Metadata
Provider: 
PR NewswirePR Newswire
Retrieved on: 
Tuesday, November 30, 2021
Information
Tags: 
Technology, Google Play, Huawei AppGallery, Solution, Founder, Delivery, Machine learning, Telecommunication, GCC, Growth, Apple Store, Online shopping
Geotags: 
BAHRAIN, Iran, Iraq, JORDAN, Kuwait, Lebanon, OMAN, PALESTINE, Qatar, Saudi Arabia, Syria, United Arab Emirates, Yemen, Algeria, EGYPT, Libya, MOROCCO, Sudan, TUNISIA, WESTERN SAHARA, AFRICA, LATIN AMERICA, DUBAI, CHINA, NORTH AFRICA, UAE, MIDDLE EAST
Organisation: 
IMILE DELIVERY LLC
Summary
Key Points: 
  • iMile has 100 engineers in China and this round will help iMile to expand its proprietary technology further, globally expand and develop its consumer technology app dedicated to disrupting traditional shipping in emerging markets: iMile was born as a solution for last-mile delivery services, the key logistics challenge in the Middle East - the 'no-address problem'.
  • iMile's customer-to-customer services will also develop with the launch of iMile's Delivery App allowing users to track, schedule and book orders.
  • We are one of the largest shippers from China and we have a real vision to connect Chinese sellers to the world through exceptional service."
  • iMile was launched in September 2017 by Rita Huang and co-founders Naveen Joseph, Gao Wenli, and Nancy Chen.


iMile Delivery Secures $40 Million Bridging Chinese Sellers to Emerging Markets

The Dubai-based delivery company plans to invest in its in-house technology to improve the performance and excellence of its services, along with plans to expand throughout the GCC, North Africa and Latin America

DUBAI, UAE, Nov. 30, 2021 /PRNewswire/ -- Dubai-based delivery company iMile founder and CEO Rita Huang, formerly of Alibaba and Huawei, today announced a $40 Million Series A financing round at a 350 million US dollar valuation. This is the largest series A round by a woman in the region and a key step forward in meeting her vision to transform the logistics chain between Chinese sellers and the rest of the world.

iMile Delivery Secures $40 Million Bridging Chinese Sellers to Emerging Markets

iMile has 100 engineers in China and this round will help iMile to expand its proprietary technology further, globally expand and develop its consumer technology app dedicated to disrupting traditional shipping in emerging markets: iMile was born as a solution for last-mile delivery services, the key logistics challenge in the Middle East - the 'no-address problem'. iMile's propriety tech developments now play a pivotal role in supporting e-commerce in the region: its positioning, predictive, and machine learning technologies are equipped to meet the transport and shipping demands of the next generation of delivery.

Going forward, iMile not only seeks to improve performance for its partners but also support the growth of smaller e-commerce businesses by digitalizing their onboarding process. iMile's customer-to-customer services will also develop with the launch of iMile's Delivery App allowing users to track, schedule and book orders. This service enables iMile to support local businesses that have no centralized access to first and last-mile services by offering them agile logistics solutions. The app is available on Play Store, Apple Store, and AppGallery.

Already a trusted vendor partner to top e-commerce players in the Middle East, iMile will further extend its services to other sectors such as Telecomm and Banking.

CEO and Founder of iMile, Rita Huang commented: "This is truly an exciting time for iMile as we continue to expand across the region and around the world. We have a very strong presence in the Middle East and we plan on expanding into Africa, and Latin American markets.

"Our latest funding round is a proud moment for us and we intend to further invest in our technology, whilst improving the performance and excellence of our services. The investment will also help us accelerate our growth in many more markets to come. We are one of the largest shippers from China and we have a real vision to connect Chinese sellers to the world through exceptional service."

About iMile
iMile is a logistics and last-mile delivery service, founded on premium state-of-the-art in-house technology. iMile was launched in September 2017 by Rita Huang and co-founders Naveen Joseph, Gao Wenli, and Nancy Chen.

Rita Huang, Founder & CEO (LinkedIn) (Twitter)

Contacts

iMile
Sowmya Achuthan 
[email protected] 

Rym Farran  
[email protected]
[email protected]

To find out more about iMile please visit: www.imile.com

Photo: https://mma.prnewswire.com/media/1697345/iMile_Delivery.jpg

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