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Reading: Drivu announces expansion after raising $1m in investments
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Dailynewsegypt > Blog > Business > Technology > Drivu announces expansion after raising $1m in investments
Technology

Drivu announces expansion after raising $1m in investments

Mohamed Alaa El-Din
Last updated: 2020/10/12 at 3:22 AM
By Mohamed Alaa El-Din 2 Min Read
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Drivu, a technology and shipping services startup, announced the expansion of its services in 22 governorates across Egypt, after securing close to $1m in financing from EF Logistics, a third-party logistics service provider.

Sameh Shaheen, CEO of Drivu, said the company has a network of over 200 delivery agents, and it aims to deliver about 300,000 shipments by the end of 2020.

Among the services provided by the company are: door-to-door transportation and storage; receiving at terminals and pick-up; and retrieval service for some products.

Drivu is also distinguished by its facility to design a special service for each merchant in line with the nature of his work and his products.

Ahmed Al-Zahwi, CEO of EF Logistics, said that Drivu’s services are currently found in about 22 cities throughout Egypt. It plans to provide more services in the local market, and expand in the Middle East and North Africa (MENA) region during the next few years.

Drivu was established to provide pioneering logistics solutions and facilitate the e-commerce cycle. The team combines passion with extensive experience in meeting challenges and providing last-mile services in Egypt.

The company aims to provide a unique experience for both merchants and customers through its distinctive services, based on its belief in the importance of a partnership based on mutual support between merchants and customers.

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CBE to issue $540m worth of dollar-denominated T-bills on Monday 
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HDB targets 25% growth in profits, various activities by 2023-end: CEO
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Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
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