zip24, a Dubai, UAE-based logistics Software as a Service (SaaS) startup, raised US$1.2m in pre-series funding.
The round was led by Sturgeon Capital, with participation from angel investors from the UK and Gulf Cooperation Council (GCC) countries, including Hayaat Group, Teqvisory, and Robert Kay.
The company intends to use the funds to expand tech, product & operations teams in Tashkent, Uzbekistan, Dubai, and London.
Founded by Muzaffar Karabaev and Asif Keshodia, zip24 provides a Software-as-a-Service (SaaS) operations management software for e-commerce brands. Through its cloud-based Delivery Management Software offerings – Shipox.com, and Warehouse Management Software – Storfox.com, zip24 allows users to forecast orders and logistic transactions, control and manage the day-to-day retail, warehousing, order shipping, and fulfillment with end-to-end delivery tracking. The company is headquartered in Dubai, in the United Arab Emirates, and has development and support hubs in Uzbekistan, Pakistan, and the UK.
Customers include over 100 e-commerce merchants, retailers, logistics, FMCG companies, and restaurants.