Egyptian company "Mylerz" secures new funding of 100 million EGP to expand its operations
Mylerz, a company specializing in shipping and logistics services in Egypt, has announced that it has successfully secured a new funding round exceeding 100 million Egyptian pounds. This investment comes as part of the company's efforts to strengthen its position in the Egyptian market and further develop its services.
This financial step is considered a strong boost for the company, as it will contribute to supporting working capital and improving the balance sheet. Through these funds, Mylerz aims to expand its operations in the field of fulfillment and delivery services, helping it meet the growing demand in the e-commerce sector within Egypt.
Through this funding, the company seeks to accelerate its growth pace and develop its technological infrastructure. Mylerz plans to use these resources to increase the efficiency of its logistics operations, ensuring the provision of faster and more reliable services to customers and companies that rely on its shipping services.
This development comes at a time when the logistics sector in Egypt is witnessing remarkable growth, driven by an increased reliance on online shopping. It is expected that these expansions will contribute to creating new job opportunities and supporting the digital economy in the country in the coming period.