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Sunday, 17 July 2022

Mylerz to kickstart North African expansion before year end

Cairo-based logistics startup Mylerz plans to launch in Algeria, Tunisia, and Morocco in 4Q2022, founder and CEO Samer Gharaibeh told Morocco World News. This comes after the startup raised USD 9.6 mn in equity funding from private equity outfit Lorax Capital Partners and Fawry. Back in May, Gharaibeh said the company was intending to enter the North African markets within three months. The company is also looking at Libya, Sudan, and East Africa next year.

About Mylerz: Founded in 2019 by Gharaibeh, the firm offers same-day, last-mile delivery for e-commerce merchants. Mylerz currently operates 21 fulfillment centers across Egypt and plans to open its largest fulfillment hub yet in West Cairo by the end of the year. The startup delivered 2 mn packages within two years of its launch.

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