Dubai-based last-mile delivery startup iMile has raised $10 million in a Pre-Series A round, the round was led by a China-based venture capital firm that specializes in the logistics industry. They plan to utilize the investment to open a new research and development center in the region and expand their services to Egypt, Kuwait, and Morocco.
iMile is a well-known Logistics and Courier services provider across the Middle East, offering Smart Logistics and courier services to e-Commerce businesses. Their wide range of services include cross-border deliveries, domestic next-day last mile delivery, cash-on-delivery option, real-time online tracking, 24 hours customer support through email, chat, social media, SMS, international transport and overseas warehouse.
Their services span Saudi Arabia and the UAE. They currently operate two R&D centers in Shenzhen and Hangzhou in China, planning to open a third one in the region soon.
The company is working on both B2B and B2C segments, enabling Chinese merchants to sell on platforms like Amazon. iMile’s clients list include Amazon, Noon, Mumzworld, and China-based Shein and Club Factory.
iMile was founded in 2017 by Rita Huang after raising seed funding from angel investors, before founding iMile, Rita Huang was the country manager for Huawei in the UAE, after that she was the chief technology officer of an Alibaba-Meraas cloud computing joint venture in Dubai.
The global last mile delivery market is forecast to reach $61.57 billion in the next five years, from $31.19 billion in 2018, expanding at a compound annual growth rate of 10.2 percent, according to London-based researcher Brandessence Market Research.