National Building and Marketing (NBM) has acquired a 9 per cent of stake in Saudi Arabia-based last mile delivery aggregator DIGGIPACKS in a deal worth SAR15 million ($4 million).
The news comes in shortly after the startup raised a $400,000 pre-Seed funding round. Investors participating in the last round included YOUXEL Ventures, OQAL, as well as other Saudi angel investors.
Founded in 2020 by Hasan Jabarti, DIGGIPACKS aggregates last mile and fulfillment companies and is currently integrated with more than 30 last-mile companies in KSA.
Speaking to Wamda, Jabarti says that the company plans to launch soon in Egypt.