R2S raises six-figure investment in Pre-Series A
Source: Egypt innovate
The leading tech investor A15 pumped a six-figure investment into pioneering Egyptian e-commerce logistics and delivery tech company R2S, facilitating scalability and growth for e-commerce businesses in Egypt. This investment took place in the form of a “Pre-Series A” Round for R2S.
R2S enables e-commerce platforms with a full-fledged delivery and logistics offering and services including last-mile delivery, parcel pick up and drop off points, payment collection solutions, returns and exchange management, inventory management and fulfillment as well as international shipping for Egyptian sellers and startups.
The fast growth of R2S is a testament to the solid experience and extensive industry expertise of its management and the commitment of its dedicated staff. The asset-light business model adopted by R2S has allowed it to expand its geographical reach to nation-wide coverage with over 11 hubs and more still to come. R2S volume and revenue have also seen remarkable year over year growth, with the latest figures showing 125% and 150% growth in volume and revenue respectively.
The innovative e-commerce and logistics company has also developed the R2S Plus platform which connects a shared economy network of existing retail stores with e-commerce sellers, giving customers greater control over their delivery experience by allowing them to choose the nearest location, most convenient time and payment method to receive their package.