Egypt’s Mylerz Secures Over USD 2 Million to Grow E-commerce Logistics Operations

Egyptian logistics startup Mylerz has raised more than USD 2 million in a combination of debt and equity to scale its fulfilment and last-mile delivery operations across Egypt. Lorax Capital Partners led the round, with participation from Egyptian fintech giant Fawry and a group of existing investors. Founded in 2019 by Samer Gharaibeh, the Cairo-based company runs an end-to-end e-commerce logistics operation covering fulfilment and last-mile delivery.