Last mile delivery startup iMile just raised $10 million to launch a new research and development (R&D) center and expand its services across the Middle East in pre-Series A funding from an undisclosed Chinese venture capital.
The sum scored will help the iMile roll out its services in Egypt, Kuwait and Morocco adding to its operations in Saudi Arabia and the UAE. iMile already runs two R&D centers in Shenzhen and Hangzhou in China and plans to open a third either in the UAE or Saudi Arabia next quarter.
“Some analysts say that logistics is out-of-fashion now. As a next generation company, we see massive potential. Improving iMile’s tech prowess, customer experience and hiring new talent are our top priorities in the coming months.”
Rita Huang, CEO and founder of iMiles
Despite all odds, the founder considers the coronavirus outbreak as an opportunity to prove her startup’s “agility.”
Huang founded iMiles in June 2017, after raising an undisclosed initial seed capital from angel investors. Some of the e-commerce clients under iMile’s belt include Amazon, Noon and Mumzworld. The startup has around 700 employees all between the UAE, Saudi Arabia and China.
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