Egypt is a gateway to Africa coming from Europe and the Middle East. The land of Pharaohs lately is becoming a leading player in logistics and e-commerce.
The Egyptian logistics and warehouse startup Yalla Fel Sekka (YFS) has managed to raise $7 million seed round, to scale its business and to do other amazing things.
YFS was co-founded one and half year ago by Khashayar Mahdavi and Yasmine Abdel Karim just before the pandemic cause havoc across the world.
The founders spotted the need and growing demand for quick deliveries, as the results, they assembled distributed networks of small warehouse, where businesses can store goods at the close proximity for quick turnaround with deliveries.
Khashayar Mahdavi, co-founder and chief strategy officer said, “Being able to marry operational excellence and innovation with the technology to bring down your cost and have productivity gains is what sets us apart.”
“And because of our economic and finance background, we’ve always been super focused on unit economics. So that’s what we’ve tried to achieve here, bringing innovation into this space with a focus on productivity and unit economics, and having this distributed logistics services to be able to serve our customers extremely quickly,” he adds.
YFS has a fleet of 1,000 active drivers of motorcycles and vans, with more than 3,000 on a waitlist. These drivers make 10,000 orders daily, said CEO Abdel Karim.
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