Ousta, an Egyptian Taxi app has secured $1.25 million investment from Egyptian and United Arab Emirates angel investors and venture capitalists.
Omar Salah, The CEO of Ousta commenting on this new deal said: “The $1.25 million will be deployed towards developing Ousta’s team and increasing the service availability to meet the needs of the consumers.
Meanwhile, the founder of Ousta Nader El Batrawi said: “We are proud to be a local company founded by Egyptians, with the main focus to have a strong and recognizable presence in our home country before expanding to any other country.”
Ousta is the first Egyptian application for ride services which was launched in March and currently operates in 11 cities in Egypt
