Investment Drivers

Focus on less well covered B to C e-commerce sales for SME rather than food delivery or other highly competitive markets

E-commerce sales in the region is expected to keep growing, with online shopping, digital financing and improved logistics and delivery

Strong up-side for growth from growth of e-commerce and expansion from its UAE base into other countries, including KSA and Egypt

Traditional delivery companies are not fit for purpose for on-line SME market

Asset and team light, ensuring better cost control

Extensively leverages technology and artificial intelligence to operate a decentralised fleet

Experienced management team with successful track record 

Investment Structure and Terms

Investment Type: Convertible Notes

Exit: Expected to be an IPO, Merger or Trade Sale