Ethiopian last-mile delivery company lands investment
Addis Ababa Angles Network has invested in Eshi Express, a delivery service firm.
Delivery services in Ethiopia are highly fragmented and predominantly done by company vehicles, personnel or informal players. This leads to high cost of goods, management headaches and inconvenience to people and organisations.
Founded by a group of investors in 2020, the Addis Ababa Angels Network is the first in Ethiopia to invest in startups and entrepreneurs in exchange for equity ownership.
Addis Ababa Angles Network is confident that Eshi Express is the most suited company that can revolutionise last-mile delivery in Ethiopia with close to four years of track record and a dynamic team. Eshi Express envisions to solve the last-mile delivery challenge with optimised processes and innovative technology that will provide convenience and lower prices of goods.
“Eshi Express met AAA’s standards for investment as it is a tech enabled and scalable business with a great team that is coming out just as the country is experiencing a digital revolution of sorts. They have a unique opportunity to be part of this revolution,” remarked Yosef Kibur, owner of Yaya Investment and co-founder of AAA.
Currently, Eshi Express’s main operations are in Addis Ababa and two regional cities. With the latest investment and strategic support from AAA Network, Eshi plans to scale up its business and expand to multiple regional cities soon. Right now, customers can order delivery services via Eshi’s call centre or the Eshi app available for download on the App Store and Google Play which allows people to place and track orders live from pick up all the way to delivery.
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