ArabFinance: Delivery startup ShipBlu raised $2.4 million in a seed round, according to TechCrunch.

The round was led by Saudi Arabias Nama Ventures.

The company did not give further details regarding how the fund would be deployed.

Ali Nasser, co-founder of ShipBlu, revealed that the company plans to expand its network and infrastructure across Egypt within the coming months.

The new round is considered the companys second capital injection in recent months.

Established in 2020, ShipBlu delivers packages of all kinds for merchants and retailers ranging from mom and pop stores and social media to fashion retailers who make thousands of shipments and international brands to customers in Egypt.

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