Egypt’s Roboost secures $3 million investment round led by Silicon Badia

Egyptian AI-powered logistics startup, Roboost, has successfully raised $3 million in an investment round lead by Silicon Badia, with contributions from RZM Investment, Flat6Labs, and Saudi Angel Investors. The funds will further propel Roboost’s regional expansion goals.

Roboost has solidified its role as a front-runner in the AI-powered delivery management sector with a comprehensive SaaS solution and an AI operational assistant. It counts major brands such as McDonald’s Egypt and Kuwait, Buffalo Burger, El Ezaby Pharmacies, and Jumlaty among its clients, operating over regional markets including Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia.

Innovative, proprietary machine learning practices have set Roboost apart, initiating cutting-edge pre-delivery technology, precision auto-dispatching, and “smart routes” based on text addresses, of which around 70% of offline orders benefit from.

Roboost’s features also include real-time dynamic fleet payroll, customer insights driven by heat maps and analytics, and AI fleet management for advanced fraud detection. The platform’s comprehensive approach improves customer satisfaction and enhances operational efficiency.

Roboost has an expansive network of over 15,000 delivery drivers and has catered to nearly 10 million unique customers, during which it has automated an impressive 40 million orders. The results have been considerable – delivery speeds have doubled, task automation rates are at 99.8%, order returns have reduced by 80%, and operational costs have decreased by 30%. Average driver productivity has also increased by 40%, and fraud levels are below 5%.

After a significant 400% year-on-year revenue growth, Roboost is set for further success. The $3 million investment is expected to extend this success across the entire MENA region’s delivery market. Also, Roboost plans to further diversify its offerings by extending into e-commerce and middle-mile solutions and providing custom automated solutions for businesses.

Silicon Badia investor, Hossam Shafick, expressed excitement in supporting Roboost, stating, “Our investment is a testament to our belief in the team’s vision and capabilities, and we are eager to support their journey towards regional and global success.”

Roboost’s CEO and Co-Founder, Mohamed Gessraha, underlined the transformative potential of the investment, mentioning, “Our goal is to redefine what it means to have automated delivery operations by applying our technology to our customers’ most detailed workflows.”

Thus, this investment marks not just a financial boost for Roboost, but also signals a high level of confidence in the disruptive potential of AI-driven delivery management and the potential transformation of the delivery scene across the MENA region.