عربي

Armada delivery solutions closes a pre-Series A round with Sharq Ventures

Staff writer •

Armada delivery solutions closes a pre-Series A round with Sharq Ventures
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Armada Delivery Solutions, a tech logistics company, closed a pre-Series A round with Sharq Ventures.

The company solves the last mile delivery problem by providing an online logistics platform that connects merchants in various industries to an aggregated courier base of freelance and professional couriers on-demand.

Following the closing of their seed round that was led by Arzan VC in January 2017, Armada has been growing by 65 percent month-on-month in the number of deliveries completed per day ever since.

“We kicked off 2018 by closing our pre-series A investment round with Sharq Ventures and a second follow on by Arzan VC, and this will allow us to maintain our exponential growth in Kuwait and bolster our operations and technology team to build a smoother delivery experience for our merchants. The target for Armada is to continuously build integrations that allow for a delivery experience with no human intervention, saving valuable minutes that lead to a faster delivery to the end consumer,” said founder and CEO Ahmad AlObaid.

"Armada eliminated the hassle of logistics for any business owner, providing a one-stop shop for all the business delivery needs, form distribution and aggregation to last mile delivery. With Armada's platform, delivery couriers become more organized; thus increasing the efficiency for both sides of any transaction. Sharq Ventures believes in the direction that this startup is heading towards and more importantly believes that the founder and his team are able to uplift this venture," said Homoud AlSabah, Managing Partner at Sharq Ventures. 

Armada helps merchants focus on building their business and supports them as their one-stop shop for all logistics needs. Very soon new vehicle tiers will be added to the platform, a consumer app will be launched, and a beta launch in Riyadh and West Amman will commence.

"Ahmad and his team faced challenges throughout 2017, however, their ability to work as a team and find creative solutions helped them overcome these obstacles, persuade customers, and grow fast. Arzan VC's team is happy to continuously work with Armada's team," added Hasan Zain, Managing Partner at Arzan VC. 
 

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