Cairo-based e-commerce delivery service, R2S Logistics has raised an undisclosed six-figure investment from tech investor A15
R2S Logistics is a logistics startup that offers different types of delivery services including last-mile delivery, payment collection solutions, returns and exchange management, inventory management and fulfillment to ecommerce businesses across Egypt
Founded in 2016 by CEO Mahdi Al Olabi, R2S Logistics doesn’t own a fleet and instead works with multiple fleet owners to deliver the shipments
With 11 hubs across Egypt, R2S Logistics boasts of doing 50,000 or more shipments each month.
According to Mahdi Al Olabi, “We are excited to have A15 as a strategic investor due to their domain expertise, operational excellence and track record in the e-commerce space as they invested in, venture-built, grew and exited e-commerce companies before. Hence, they can bring a lot of value to the table, and will support our expansion to collaborate with more physical stores and e-commerce platforms across Egypt, empower more businesses, and provide convenience to a larger customer base.”
Fadi Antaki, CEO of A15, said, “We believe that R2S is more than an e-commerce delivery partner. It is an enabler to online businesses in the ecosystem through its strong logistics experience, innovative tech and strategic partnerships and recently launched Pick-Up and Drop-Off (PUDO) network. In so, through this investment, A15 is working on unlocking the potential of the e-commerce ecosystem as weak delivery service has been one of the factors delaying the take-off of the sector in Egypt.”
