Naqla, a Cairo-based logistics startup and an online platform for trucking, has raised $10.5million in its most recent round of funding.
Major investors El Sewedy Capital Holdings, Hassan Allam Holdings and the Sallam Family were the Pre-Series A investors.
Sherif Taher and Samer Sallam, who founded Naqla in 2017, have grown the company to a 165-person team spread across all of the country’s major cities while integrating several strands of technology and instant pricing to provide an exceptional first-class consumer experience for both shippers and truckers.
Naqla’s major goal is to use technology to modernize and extend Egypt’s supply chain by automating orders between shippers and drivers via its two main apps.
Many of Egypt’s 1.5 million trucks are owned by individual drivers, whom Naqla hopes to sign up for its Carrier ecosystem, which includes roadside assistance, financing, insurance, health care, and maintenance.
“We are now perfectly positioned to grow our digital logistics offering and market presence, bringing a much-needed technology infrastructure to the badly served Egyptian logistics and trucking industry, at a critical time in the country’s economic growth,” Sherif Taher, Co-Founder and Chief Executive Officer of Naqla, said in light of this platform-boosting fundraise. We appreciate our investors’ contributions to the Naqla journey; this investment will allow us to accelerate our business and expand vertically into new segments.”
Naqla, which was founded in 2017, has rapidly grown to include 35+ operational zones. These areas control the movement of more than 4.6 Million tonnes of goods.
The funds will be used by the startup to increase technology and digitization. This will put the company in a strong place for growth and development in 2022.