Cairo-based e-commerce logistics and fulfillment company Mylerz has raised over EGP 100 million (approximately $2 million) in a new funding round. The investment, a mix of debt and equity, came from the startup’s existing shareholders, which include notable names like Lorax Capital Partners and Fawry.
Quick Facts
- Funding Amount: Over EGP 100 million.
- Investors: Existing shareholders.
- Focus: Scaling logistics and fulfillment infrastructure across Egypt.
Fuelling Egypt’s E-commerce Engine
The new capital injection is set to strengthen Mylerz’s balance sheet and working capital position, allowing it to aggressively scale its operations within Egypt. The company plans to expand its fulfillment infrastructure and network capacity while continuing to invest in its proprietary technology platform.
This strategic move aims to better serve the rapidly growing volumes of Egypt’s e-commerce market and cross-border trade, positioning Mylerz to handle increased demand without compromising on service quality. The company is known for its same-day and next-day delivery services, which are critical for online merchants.
“This fresh funding is a strong vote of confidence from partners who know our business well,” said Samer Gharaibeh, Founder and Chief Executive Officer of Mylerz.
“Egypt remains the heart of our operations, and this capital allows us to invest with conviction in the infrastructure, technology, and people that keep us delivering for our merchants and their customers every day.”
Building on Previous Momentum
This funding round follows a significant $9.6 million investment the company secured in 2022. The continued financial backing from its current investors signals strong confidence in Mylerz’s growth trajectory and its ability to capture a larger share of the domestic market. The company has steadily expanded its footprint across Egypt by investing in its operational backbone.
About Mylerz
Founded in 2019 by Samer Gharaibeh, Mylerz provides end-to-end e-commerce logistics solutions. Its services include last-mile delivery and fulfillment, all managed through a technology platform that allows merchants to efficiently track and control their shipments.
Source: Wamda
