# ShipBlu Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shipblu-technology

- Industry: Logistics & Distribution
- Headquarters: Cairo, Egypt
- Website: www.shipblu.com/
- Total disclosed funding: $2.4M
- Latest round: Seed (Nov 19, 2021)
- Investors on record: 6

## About

ShipBlu Technology specializes in providing innovative shipping solutions for eCommerce businesses, streamlining logistics with services like instant payouts and delivery verification, while focusing on enhancing operational efficiency and customer trust.ShipBlu Technology, founded in 2020 in Cairo, Egypt, offers advanced logistics solutions aimed at eCommerce retailers. The company was co-founded by Ahmad Kawass and Ali Nasser, with Ali Nasser currently serving as the CEO. ShipBlu has completed a total of 3 deals, with its most recent funding round, a Seed round, raising USD 2.4 mn led by Nama Ventures on November 19, 2021. The total amount raised by the company to date stands at USD 2.4 mn.ShipBlu offers a comprehensive suite of shipping solutions designed to streamline the logistics process for eCommerce businesses. Their core product, ShipBlu Instant Payout, allows clients to access cash collections on the same day, addressing the urgent need for liquidity to support growth initiatives. Additionally, ShipBlu Verify enhances trust with a robust verification process for delivery attempts, while ShipBlu Secure ensures secure transactions via unique QR codes sent to customers on delivery day. The myBlu app provides consumers with flexible installment payment options through Valu, catering to the growing demand for diverse payment choices. ShipBlu primarily serves the Egyptian market, actively engaging with eCommerce retailers in major cities including Cairo, Alexandria, and Assuit.ShipBlu's revenue model is structured around transactional fees and service subscriptions, tailored for various clients, including retailers and businesses requiring direct-to-consumer shipping solutions. The company generates income via its flagship services, such as automated billing and shipment tracking systems, which enhance cash flow efficiency for clients. Each transaction typically includes associated shipping fees, along with potential charges for premium features like expedited processing or advanced analytics tools. This strategic revenue approach positions ShipBlu to effectively meet the operational and financial needs of its customers.Looking ahead, ShipBlu Technology plans to leverage its recent Seed funding of USD 2.4 mn to support the launch of new products and expand its market presence. The company aims to introduce additional shipping solutions designed for specific eCommerce segments, with anticipated launches in the upcoming year. Furthermore, ShipBlu is targeting expansion into new markets within the MENA region by 2023, leveraging its proven logistics model to tap into growing eCommerce sectors in neighboring countries. The funding will be instrumental in facilitating these growth initiatives.

## Funding rounds

- Seed, Nov 19, 2021 — LoftyInc Capital Management
- Seed, Oct 31, 2021, $2.4M — Y Combinator, Starling Ventures, Orange Ventures, 1984 Ventures, Nama Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Starling Ventures (https://capitalatlas.ai/funds/starling-ventures) — Seed
- Orange Ventures — Seed
- 1984 Ventures (https://capitalatlas.ai/funds/1984-ventures) — Seed
- Nama Ventures (https://capitalatlas.ai/funds/nama-ventures) — Seed
- LoftyInc Capital Management (https://capitalatlas.ai/funds/loftyinc-capital-management) — Seed