Decypha: Nomw Capital Fund is investing in the Egypt-based Bosta, company specialized in providing direct delivery services, reported Al Ahram News.
Bosta company is witnessing a period of rapid growth with a large number of companies and applications connected in a market worth more than $3 billion (EGP 48.4 billion) in the Arab world only.
Bosta has been focused on providing services to companies wishing to deliver shipments to their customers directly and the company has succeeded in winning the confidence of a lot of companies in a short period of time, said Mohamed Ezzat, Bosta’s CEO.
The startup company facilitates shipment delivery to customers through the use of a simple application which allows shipment to customers in record time, not exceeding two hours, added Ezzat.
“We were impressed by the results that the team Bosta achieved within a few months since the project’s launch,” said Gamal Almetreb, CEO of Growth Capital Fund.
