iMile Delivery, a Dubai, UAE-based last-mile delivery company, raised $40M in Series A financing round at a 350m US dollar valuation.
The company plans to use the funds to:
- invest in its in-house technology to improve the performance of its services, growing its proprietary technology further and expanding and developing its consumer technology app dedicated to disrupting traditional shipping in emerging markets, and
- expand throughout the GCC, North Africa and Latin America.
Launched in September 2017 by Rita Huang and co-founders Naveen Joseph, Gao Wenli, and Nancy Chen, iMile is a last-mile delivery company bridging Chinese sellers to emerging markets. The company seeks to improve performance for its partners and to support the growth of smaller e-commerce businesses by digitalizing their onboarding process. Its customer-to-customer services will also develop with the launch of a delivery app allowing users to track, schedule and book orders. This service enables iMile to support local businesses that have no centralized access to first and last-mile services by offering them agile logistics solutions. The app is available on Play Store, Apple Store, and AppGallery.
Already a trusted vendor partner to top e-commerce players in the Middle East, iMile will further extend its services to other sectors such as Telecomm and Banking.