Egypt-based technology start-up Roboost, previously known as Tayar, secured a six-figure seed round funding as the company aims to boost its core technology and gain new customers.
The funding round was led by Cairo-based Falak Startups that supports Egyptian entrepreneurs, AUC Angels, one of the first university-based angel investor networks in the Middle East and North Africa, and a follow-on funding from Flat6Labs — an Egypt-based seed and early-stage venture capital company, Roboost said in a statement on Wednesday.
The company did not disclose the exact amount raised in the latest round.
Our next goal is to empower SMEs by automating their deliveries through Roboost’s AI delivery marketplace
Mohamed Hassan,
co-founder and chief executive of Roboost
“With Roboost, we are helping businesses reach their full operational potential, and we have seen this as our clients reached the ultimate desired time of 20 minutes for customer satisfaction, and reduced their costs drastically by 30 per cent,” Roboost’s co-founder and chief operating officer Hassan Kamel said.
“With data collected from over 2,200 delivery agents travelling more than 9 million kilometres, we are always looking for new ways to improve our clients’ delivery operations and adding new features,” Mr Kamel said.
Founded in 2020, Roboost is an artificial intelligence-powered automated home delivery management solutions provider. It digitally mimics real-life operations, handles day-to-day situations and is capable of self-learning to optimise various aspects of the delivery operation.
With its technology-led solutions, the start-up intends to give retail, e-commerce, cloud kitchens and delivery provider businesses control over their delivery operations by making it simpler and offering real-time data.
Its system first integrates with the client’s selling channels, enabling it to automate order management, group optimisation, route optimisation, automated dispatching and delivery agent performance management, while monitoring all these factors in real-time, the company said.
“Our next goal is to empower SMEs [small and medium enterprises] by automating their deliveries through Roboost’s AI delivery marketplace, to be able to provide the best customer experience and grow their businesses,” said Mohamed Hassan, co-founder and chief executive of the company.
Egypt, the Arab world’s most populous country, is banking on technology and its start-up ecosystem to diversify its economy.
Venture capital funding in Egypt more than doubled to $307 million in the first half of 2022 from a year earlier, ranking it third in the Mena region, according to start-up data platform Magnitt. The number of deals in the country also grew by 22 per cent annually to 78 during the first six months of the year.
“We believe that this funding round will accelerate Roboost’s growth by enhancing their AI delivery management solution and expanding their product offering,” Mohamed El Ghannam, principal at Flat6Labs, said.
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
Abu Dhabi GP starting grid
1 Lewis Hamilton (Mercedes)
2 Valtteri Bottas (Mercedes)
3 Sebastian Vettel (Ferrari)
4 Kimi Raikkonen (Ferrari)
5 Daniel Ricciardo (Red Bull)
6 Max Verstappen (Red Bull)
7 Romain Grosjean (Haas)
8 Charles Leclerc (Sauber)
9 Esteban Ocon (Force India)
10 Nico Hulkenberg (Renault)
11 Carlos Sainz (Renault)
12 Marcus Ericsson (Sauber)
13 Kevin Magnussen (Haas)
14 Sergio Perez (Force India)
15 Fernando Alonso (McLaren)
16 Brendon Hartley (Toro Rosso)
17 Pierre Gasly (Toro Rosso)
18 Stoffe Vandoorne (McLaren)
19 Sergey Sirotkin (Williams)
20 Lance Stroll (Williams)
Know your cyber adversaries
Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.
Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.
Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.
Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.
Phishing: Aims to secure personal information, such as passwords and credit card numbers.
Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.
Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.
Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.
Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.
Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.
Zero-day exploit: Exploits a vulnerability in software before a fix is found.
MATCH INFO
Manchester United v Manchester City, Wednesday, 11pm (UAE)
Match is on BeIN Sports
FIXTURES
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Saturday
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Playing September 30
Benevento v Inter Milan (8pm)
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Abu Dhabi race card
5pm Abu Dhabi Fillies Classic Prestige | Dh110,000 | 1,400m
5.30pm Abu Dhabi Colts Classic Prestige | Dh110,000 | 1,400m
6pm Abu Dhabi Championship Listed | Dh180,000 | 1,600m
6.30pm Maiden | Dh80,000 | 1,600m
7pm Wathba Stallions Cup Handicap | Dh80,000 | 1,400m
7.30pm Handicap (TB) |Dh100,000 | 2,400m
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
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Price: From Dh149,900
How to help
Call the hotline on 0502955999 or send "thenational" to the following numbers:
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MATCH INFO
World Cup 2022 qualifier
UAE v Indonesia, Thursday, 8pm
Venue: Al Maktoum Stadium, Dubai
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
UAE currency: the story behind the money in your pockets
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
Transmission: eight-speed auto
Price: from Dh122,745
On sale: now
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
Who is Ramon Tribulietx?
Born in Spain, Tribulietx took sole charge of Auckland in 2010 and has gone on to lead the club to 14 trophies, including seven successive Oceania Champions League crowns. Has been tipped for the vacant New Zealand national team job following Anthony Hudson's resignation last month. Had previously been considered for the role.
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Coal Black Mornings
Brett Anderson
Little Brown Book Group
