EGYPT – Egypt-based on-demand delivery startup Gooo Delivery has closed an undisclosed pre-seed round to scale its services in Egypt and Middle East region.
Founded in 2020, Gooo Delivery, has a goal of providing point-to-point delivery services using mobile applications.
Users can order food, medications, and groceries from a network of partner stores, which are then collected by Gooo runners and delivered to the customer.
The Middle East and North Africa region is witnessing a growth in on-demand delivery services applications domain with revenues reaching US$9 billion last March.
In Egypt, this market made a growth of 8% last year to reach US$2.5 billion Gooo team views the growth in on-demand delivery services as an opportunity to succeed and build more competitive advantages.
The start-up’s co-founder and CEO, Eng. Yasser Hassan remarked that while there is tremendous rivalry in the domain of order delivery, they are aware that Gooo provides more than simply meal delivery; the firm also distributes groceries, veggies, and other items.
It renders its services in Cairo, Giza, and Tanta, and is working to extend its footprint throughout Egypt and the Middle East.
The startup also wants to improve its technical capabilities and grow its business by updating and developing its offerings.
According to Yasser Hassan, Gooo has a deep awareness of the local market, which is why its platform development is unique.
The current stage’s success factors in the development of Gooo’s technological skills, team development, and integration, in order to capitalize on the client’s confidence, it has already earned and achieved its objective goals.
The platform benefits from millions of internet users who are shifting to online shopping and e-payment innovations and technological security, requiring door-to-door delivery.
The growth of online shopping and improved connection in Africa has given an opportunity for the growth of e-commerce platforms on the continent, which is being aided by investment from around the world.
Despite the fact that new delivery platforms are springing up all the time, making the sector increasingly competitive, delivery startups in Africa still have the opportunity to expand in a competitive market.
Further spearheading growth in the sector, Egyptian e-grocery marketplace ON Market recently raised US$215,000 in pre-seed funding to further expand its operations in Cairo, Alexandria, Tanta, Mansoura, and multiple other cities across the country.
Founded in June 2020 in Tanta by Moatasem Marzouk, Seif Yasser, Ahmed Najjar, and Moataz Marzouk, ON Market empowers grocery retailers with tech solutions to build and sustain online commerce.