Bosta announced the opening of its first office in Riyadh to provide its services to its customers in Saudi Arabia. The expansion is also part of Bosta’s plan to spread and offer its services across the Middle East after a very successful launch in Egypt.
The new expansion comes in parallel with Bosta raising a new Pre-Series B round led by Khwarizmi Ventures, along with other current investors in addition to Hassan Allam Holding.
“We are pleased to launch Bosta in Riyadh. We believe that this step will enable us to significantly expand our activities in a market that’s very important to us. The launch of our office in KSA is part of Bosta’s expansion plans across the Middle East this year, which will be followed by another launch in the region by the end of this year. Our office in Riyadh is Bosta’s first venture in the Arab region, continuing our success that started in Egypt in 2017 that managed to deliver 10 million shipments since our introduction in the market,” Mohamed Ezzat, co-founder and CEO of Bosta, stated.
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