Egypt's Mylerz Raises $2m From Lorax Capital and Fawry to Scale E-commerce Logistics
The last-mile delivery firm secured a combined debt-and-equity round to expand fulfilment capacity across Egypt.
Egyptian e-commerce logistics startup Mylerz has secured more than $2 million (EGP 100 million) in a combined debt-and-equity round led by Lorax Capital Partners, with participation from payments firm Fawry and existing investors.
Founded in 2019 by Samer Gharaibeh, Mylerz offers end-to-end e-commerce logistics, fulfilment and last-mile delivery, supported by a technology platform that lets merchants manage shipments and operations.
The company said the capital would strengthen its balance sheet, finance working capital and expand logistics and fulfilment infrastructure across Egypt, including capacity for same-day and next-day deliveries.
The round follows Mylerz's $9.6 million raise in 2022.