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Wednesday, 16 October 2019

Halan seeks Series B funding for B2B and B2C expansion

STARTUP WATCH- Halan seeks Series B funding for B2B and B2C expansion: Cairo-based tuk-tuk and motorcycle ride-hailing startup Halan is planning to use the funding it receives from its ongoing series B round to expand both its B2C and B2B offerings, including on-demand logistics, courier services, direct sales, payments, and peer-to-peer delivery, co-founder Mounir Nakhla told Disrupt Africa. No details have been provided thus far on the amount Halan expects to raise from the funding round. The company plans to use these funds to become fully operational in Ethiopia by the end of 2019, with an eye to become pan-African. Halan currently operates in 20-25 cities in Egypt and Sudan, and completes several mn rides per month, almost half a mn of which are in food delivery.

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