Mylerz Secures $9.6M from Lorax Capital Partners and Fawry to Expand Logistics Solutions in North Africa
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Wednesday, May 11, 2022
Banking, Online Retail, Technology, Professional Services, Other Transport, Transport, Retail, Networks, Logistics, Supply Chain Management, Mobile, Wireless, Finance, Digital transformation, The Lorax, Economic development, Time, Prevalence, Industry, E-commerce, Sale, Pharmacy, ATM, Solution, Technology, Growth, Online shopping
Mylerz , an Egyptian last-mile delivery and fulfillment innovation company, today announced the closing of a $9.6 million round led by Lorax Capital Partners to scale and expand their operations in Egypt and North Africa.
Key Points:
- Mylerz , an Egyptian last-mile delivery and fulfillment innovation company, today announced the closing of a $9.6 million round led by Lorax Capital Partners to scale and expand their operations in Egypt and North Africa.
- Mylerzs proprietary logistics management technology allows it to deliver e-commerce products to customers in city centers in as fast as same-day delivery.
- We believe Lorax is the right partner for us to further expand Mylerzs presence in Egypt as well as Africa.
- Together with Lorax and our handpicked experienced team, Mylerz is on track to become the first fully integrated e-commerce logistics solutions service provider in Africa.