UAE-based e-commerce logistics startup AHOY, has raised a $2.2 million seed round from a GCC-based corporate venture capital as well as family office investors.
Launched in 2018, AHOY offers companies and e-commerce retailers a full turn-key solution, enabling them to offer same-day deliveries across the UAE.
It also helps the companies scale and achieves a 100 per cent national total addressable market (TAM) without having to invest in new locations, warehousing nor people utilising AHOY's tools for fulfillment planning, predictive APIs, web-hooks, software development kit (SDKs), and UI tools.
The company will use the newly-raised funds to further grow its footprint in the UAE, with plans to expand into the Saudi market in 2021 as well as to other GCC countries.
"In AHOY's team, we consider ourselves to be the leanest and most agile operation of its kind, globally. With more great things to come, we are raising the bar for the golden standard in logistics while lowering it for entry to e-commerce merchants of every size. We disrupt by being innovative and out of the box and we have our clients and our success partners to thank as we enjoyed receiving love, trust, and appreciation from them,” said Jamil Shinawi, founder and managing director of AHOY.