Avanz Capital Egypt backs e-commerce logistics platform
Avanz Capital Egypt backs e-commerce logistics platform
Avanz Capital Egypt, the Egyptian private capital arm of Avanz Capital Management, has announced its investment in Bosta.
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Avanz Capital Egypt, the Egyptian private capital arm of Avanz Capital Management, and the general partner of Avanz Manara for Private Equity, has announced its investment in Bosta.
Bosta offers technology-based shipping and logistics solutions for e-commerce businesses in Egypt.
Mohamed Ezzat, the chief executive officer of Bosta said, “The strategic investment from leading firms like Avanz Manara signifies a commitment to supporting Bosta's mission of transforming the ecommerce and logistics landscape in the region. This investment will further propel Bosta's technological advancements, expand its reach, and solidify its position as an industry leader in Egypt and Saudi Arabia.”
Haytham Wagih, the managing director of Avanz Capital Egypt said, “This is a milestone transaction for Avanz Manara and compliments our ambition to support promising SMEs consistent with Avanz Manara’s overall approach to investing. Bosta has all the hallmarks of an Avanz Manara investment: a strong management team, a unique value proposition with a large and growing customer base, and a substantial opportunity to expand market share locally and regionally.”
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