Mylerz Lands Additional Funding to Strengthen Position in Egyptian E-commerce Market

Egyptian logistics startup Mylerz has closed a new funding round of over EGP100 million (approximately $2.04 million) from existing investors, including private equity firm Lorax Capital Partners and digital payments company Fawry. This follow-on investment will support the company’s continued expansion across Egypt’s rapidly growing e-commerce sector.

Mylerz provides warehousing, fulfillment, and last-mile delivery services for online retailers through a technology platform that automates logistics workflows and improves operational efficiency. The additional capital will be used to increase fulfillment capacity, extend delivery coverage, enhance software capabilities, and support working capital needs.

Strategic Investment Amidst Economic Challenges

The decision by existing investors to double down on Mylerz signals confidence in the company’s long-term strategy despite Egypt’s current macroeconomic environment. This approach—raising exclusively from those who already know the business well—is particularly notable as many startups seek new investors.

Expanding Capabilities in a Competitive Landscape

With e-commerce adoption rising across Egypt, Mylerz is positioned to capitalize on growing demand while navigating increasing competition from rivals like Bosta and ShipBlu. The company’s focus on technology-driven efficiency—including warehouse optimization and delivery route management—is becoming increasingly critical for success in this environment.

Part of a Larger Trend

The investment reflects a broader trend toward integrated commerce solutions, with companies like Fawry seeking partners that can manage multiple parts of the transaction lifecycle. Investors are showing greater interest in infrastructure businesses that span payments, fulfillment, and logistics rather than addressing single operational silos.