EGYPT – iMile, a technology-driven delivery service, has officially launched into Egypt with operations in Cairo and Suez.
Dubai-based, iMile specialises in delivering goods from eCommerce sellers in China to customers in the MENA region. iMile’s recent expansion into Egypt is part of its commitment to continue supporting efficient cross-border eCommerce across the region.
This comes a year after the company raised US$10 million pre-series A round led by a Chinese VC firm. The company was to use the finance for regional expansion to Egypt, Kuwait, and Morocco.
The funding was to also be allocated for a new research and development center.
The company has partnered with two eCommerce companies Egypt so far and is working with several SMEs for door-to-door delivery. iMile is investing in a local team in Egypt, hiring exceptional local talent to ensure the best team is in place.
“We aim to continue growing at rapid pace into next year and will invest in our technology and our people to ensure we are ahead of the curve.”Rita Huang – CEO, iMile
With the rise of e-commerce in Egypt, local companies are focused on developing strategies that enhance digital trade.
As a platform that offers high-quality first-mile, international mile and localized last-mile delivery services, iMile is well-positioned to support the burgeoning ecommerce landscape in the country.
“We have solid plans for what we want to achieve in 2021 and our launch into Egypt plays a big part into this. We aim to continue growing at rapid pace into next year and will invest in our technology and our people to ensure we are ahead of the curve,” iMile CEO, Rita Huang, said.
The growth of Egypt’s e-commerce industry has been spurred by its rising population, its increasingly affluent middle class and most notably, by consumers’ readiness to trial new retail options, a phenomenon accelerated by the COVID-19 crisis.
These factors enable iMile to help improve overall delivery experience for ecommerce customers by providing best-in-class logistics and customer services for companies in Egypt. iMile is confident that Egypt will remain a key market for the business going forward.
Ultimately, iMile seeks to enhance cross-border ecommerce logistics and their launch into Egypt presents an opportunity to bring customers in the MENA region even closer to sellers in China.
Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals and insights from Africa’s business, economy and more. SUBSCRIBE HERE