Saudi Press

Saudi Arabia and the world
Friday, Apr 26, 2024

Saudi delivery startup Diggipacks invests in Egyptian counterpart FwRun

Saudi delivery startup Diggipacks invests in Egyptian counterpart FwRun

DIGGIPACKS, a last-mile Saudi delivery and logistics service provider just acquired Egypt-based storage fulfillment provider FWRUN. The company also looks to expand its presence across Egypt.
During the pandemic, the e-commerce market has rapidly expanded posing a huge challenge to transport and logistic companies in meeting the demand. This has prompted startups to look for potential partners and form alliances that will see them grow, generate more sales, and maintain profitability.

Diggipacks launched in 2020 and provides both e-commerce and retail services across Saudi Arabia. The company provides Middle Mile storage services and Last Mile shipping services through strategic partners. The company adopts a 4PL principle where it maintains no assets – instead providing high-quality technology required for connecting the merchants with 3pl warehouses all across the Kingdom. This is in addition to linking over 30 shipping companies that operate outside the Kingdom. That way, merchants have endless options as they try to maintain a constant level of service efficiency and quality.

Diggipacks was founded by Hassan Jabarti (CEO) and Amin Al-Atrash (Co-founder) and can handle 5,000 shipments a day on an area spanning over 15,000 square meters. In the last quarter of 2019, FwRun services launched in Cairo, specifically providing storage and handling services. The company was able to attract several merchants in need of the service including top international brands.

Khaled El-Nimr (co-founder and CEO) has extensive experience in retail marketing and digital transformation. The partial acquisition deal between Diggipacks and FwRun means the formerly acquired shares (undisclosed value) of FwRun’s total shares in exchange for receiving technical support and expansion in the Kingdom, provided that Diggipacks also expands in Egypt through FwRun’s.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Reports in Gaza: 5 dead from the impact of aid packages dropped by the USA
Apple warns against drying iPhones with rice
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
The U.S. vetoed a U.N. Security Council resolution calling for a temporary ceasefire in Gaza, instead proposing its own six-week ceasefire plan contingent upon the release of all hostages held by Hamas
Prince William Urges End to Gaza Conflict
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel has gone ‘beyond self-defence’ in Gaza, says Labour’s Streeting
EU Calls for Immediate Ceasefire in Gaza Conflict
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
Saudi Arabia Introduces Terms for 30-Year Income Tax Exemption for Multinational Companies
Saudi FM: Establishing Palestinian state is only pathway for Mideast stability
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
Elon Musk's Starlink Gets License For Israel, Parts Of Gaza
Influencers Exploit X Platform for Profit Amidst Israel-Gaza Conflict
PM Modi Announces Opening Of New CBSE Office In Dubai
International Criminal Court's Chief "Deeply Concerned" By Rafah Bombing
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Indian female military officers commend Saudi Arabia's progress and women's empowerment
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Israel Utilizes AI Military Technology in Gaza Conflict
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
China Warns Iran to Halt Houthi Attacks or Damage Trade Ties
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Iran-backed hackers interrupt UAE TV streaming services with deepfake news
Facebook and Instagram Ban Iran's Supreme Leader
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
U.S. Secretary of State Blinken: The Israelis underwent dehumanization on 7.10, this does not give them the right to do this to others.
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
UK Bans Misleading "Zero Emissions" Claims for Electric Cars
Gaza's Teen Inventor Sparks Light in Displacement
Netanyahu Rejects Ceasefire Proposal, Insists On Total Victory Over Hamas
Guterres appoints independent UNRWA review panel
Private Sector Employment Hits Record High with Over 11 Million Employees in January
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
ZATCA Cautions Against Scammer Schemes
INTRA Defense Technologies inaugurates drone factory in Riyadh
×