Gooo Delivery raises pre-Seed round
- Egypt-based on-demand delivery startup Gooo Delivery has closed a pre-Seed round. The amount raised was not disclosed.
- Founded in 2020 by Yasser Hassan, Gooo offers point-to-point delivery services through an app that enables users to order food, medication, and groceries in several cities in Egypt includin Cairo, Giza and Tanta.
- Through this funding, Gooo seeks to develop its technical capabilities and boost its services and expand the business.
Egypt-based on-demand delivery startup Gooo Delivery has closed a pre-Seed round. “Gooo” was established in 2020 to offer point to point delivery services through mobile applications. The app enables users to order food, medications, and groceries from the set of partner stores which are then picked up by Gooo runners who deliver them to the client.
The Middle East and North Africa region is witnessing a growth in the on-demand delivery services applications domain with revenues reaching $9 billion last March. In Egypt, this market made a growth of 8 per cent last year to reach $2.5 billion. Gooo team views the growth in on-demand delivery services as an opportunity to succeed and build more competitive advantages. Eng. Yasser Hassan the co-founder and CEO of Gooo stated that “There is fierce competition in the domain of order delivery, yet we know that Gooo has more to offer than just food delivery, we deliver groceries, vegetables and much more”
“Gooo” offers services in Cairo, Giza and Tanta and is working on expanding its presence in Egypt and the Middle East region. The startup also seeks to develop its technical capabilities and work to update and develop its services and expand the business. Yasser Hassan concluded “Gooo has a great understanding of the local market, and that’s why our platform development is different. The success factors for the current stage are the development of our technical capabilities, team development and integration, to leverage more on the client trust we gained so far and reach our target goals.”