Zeew secures $170k to speed up its Global Growth
After securing a six-figure investment in January this year, Egypt-based delivery startup, Zeew, has recently announced the raise of another $170,000 from Sanabil 500 MENA Seed Accelerator. The Accelerator is an initiative led by both Sanabil Investments and 500 startups.
This latest fund brings the total investment received by the startup to a total investment of $400,000.
The Zeew app is currently used across more than 160 countries across the globe, and the startup plans to use this latest investment to accelerate its global growth, acquire more customers and enter new related verticals.
The startup started in November 2017 as a B2B on-demand last-mile delivery company for small businesses, focusing on flower shops, cosmetic shops, and bookstores. Zeew enables businesses of all sizes to set up their online stores. Currently, it caters to clients in multiple verticals, including F&B, pharmacy, and last-mile delivery sectors.
According to the founder, Mohamed Ghaith, “There are over 1 million businesses on Shopify today without a delivery system, and with our automated platform we have created a full ecosystem for businesses, in few clicks, the business e-commerce store is created and connected to its native client ordering apps, vendor apps, drivers apps, dispatcher, accounting system and more,”
The startup is also based in Estonia and as of January 2018, it became one of Europe’s pioneer startups to offer on-demand delivery technology built on Ethereum blockchain. By March 2018, the startup has added more than 2,000 investors to its platform.
“After that, we realized the demand for food delivery so we focused on last-mile delivery for restaurants soon after we decided to become aggregator ourselves and launched our own food delivery marketplace.”
“This is our core DNA, our systems are scalable because everything is automated. Any business owner can go to our website and sign up. They will find their store created along with a Dispatcher system to manage all their deliveries.”
According to the founder, most of Zeew’s competitors give only the ordering system, but not a dispatcher to actually manage the delivery afterward.
Thus, Zeew offers its customers the platform to manage all their business from a single admin dashboard.
The founder explained that the Cairo-based startup has recently published a reseller program that allows any entrepreneur to start their own business by reselling the startup’s automated systems under their own domain and own brand, even set their own reseller prices. It only takes 1 day to launch it.