Cairo-Based Mylerz Raises About US$2 Million To Scale Its Logistics Operations

Cairo-based e-commerce delivery and fulfillment company Mylerz has raised more than EGP100 million (US$1.98 million) in debt and equity financing from its existing shareholders to support its continued growth across the Egyptian market.

Founded in Cairo in 2019 by Samer Gharaibeh, Mylerz provides end-to-end e-commerce logistics, fulfillment, and last-mile delivery services, supported by a technology platform that helps merchants manage shipments and operations.

Mylerz grew out of Gharaibeh’s more than two decades of experience in the logistics industry. He established the company when e-commerce started to reshape delivery requirements and exposed the limitations of conventional logistics models. Rather than focusing solely on moving packages, Mylerz was designed to connect the services merchants require throughout the order cycle. “We believed the market needed more than another courier company,” Gharaibeh told Inc. Arabia. “Merchants needed a technology-driven logistics partner that could manage the entire journey, from inventory and fulfillment to payments, delivery, and returns.”

That premise developed into a broader operating model intended to support merchants across multiple stages of commerce. “Our mission is to make commerce more accessible by providing fast, reliable and seamless logistics,” Gharaibeh said. “Our offering includes fulfillment and warehousing, last-mile delivery, cross-border e-commerce, international express shipping, heavyweight delivery and broader supply-chain services. All of this is supported by our proprietary logistics platform, owned fleet, and strategically located fulfillment hubs. This enables us to provide same-day and next-day delivery, cash on delivery, flexible payment methods, returns and exchanges, try-and-buy services and instant cash refunds. Ultimately, our role is to give merchants the infrastructure they need to grow, while providing their customers with a consistently dependable delivery experience.”

The latest financing reinforces Mylerz’s relationship with its existing shareholders, which include Egypt-focused private equity firm Lorax Capital Partners as well as Egyptian digital payments and financial technology platform Fawry, both of which had participated in the company’s $9.6 million funding round in 2022. “Their continued backing is especially meaningful, because these are partners who know our business, team and market very well,” Gharaibeh noted. “I believe their decision reflects the operational progress we have made and the discipline with which we have built the company. We demonstrated early that our technology and model could operate successfully in a complex market such as Cairo, delivering more than two million packages within our first two years only. Since then, we have grown from a last-mile delivery business into an integrated logistics provider.”

Indeed, over the past two years, Mylerz has expanded its client base by more than 200 percent, rising from approximately 700 clients to more than 2,000. The company has also recorded monthly growth while remaining profitable and maintaining service quality. While Mylerz currently operates 26 logistics hubs across Egypt, it plans to increase that number to more than 30. “The ability to achieve that growth while navigating a demanding economic environment has demonstrated the resilience of our model,” Gharaibeh added. “The new funding is therefore a strong vote of confidence from shareholders who have seen the business deliver against its commitments.”

The fresh capital that Mylerz has secured is thus set to strengthen the company’s balance sheet and working capital position, while supporting the expansion of its fulfillment infrastructure and delivery network. Part of the funding will also go toward further developing its proprietary technology platform, which powers its same-day and next-day delivery services, as Mylerz prepares to handle growing volumes across Egypt’s e-commerce and cross-border trade channels. And while Egypt remains the heart of its business and its immediate investment priority, Mylerz has now established a regional presence in Morocco, Algeria, and Jordan as well.

Looking ahead, Gharaibeh pointed to ongoing shifts in the market that could play to Mylerz’s strengths as an integrated logistics provider. “The first major opportunity is the continued formalization of e-commerce in Egypt,” he said. “Thousands of SMEs, local brands, and social-commerce sellers are moving from informal delivery arrangements towards professional fulfillment, payment, and last-mile solutions. They need infrastructure that can grow with them without requiring them to build warehouses, technology, and delivery networks of their own. The second opportunity is cross-border e-commerce. Egyptian businesses increasingly want to access international customers, while global companies are looking for reliable partners that understand the Egyptian market. However, customs clearance, payments, fulfillment, delivery, and returns remain fragmented. Bringing these capabilities together can remove a significant barrier to cross-border growth.”

These shifts are also helping shape Gharaibeh’s broader vision for Mylerz. “Our long-term ambition is to build the region’s leading fully integrated e-commerce logistics platform,” he declared. “We want a business of any size to be able to store, sell, ship, collect payments, and manage returns through one dependable partner. We are also strengthening our financial and operational indicators so that Mylerz has several strategic options over the medium term. These could include larger financing rounds and, when the company is fully ready, potentially an initial public offering (IPO). However, an IPO is not an objective in itself. The objective is to build a sustainable, profitable, and institutionally strong company that continues creating value for merchants, consumers, employees, and shareholders.”

Gharaibeh’s focus on building a fundamentally strong business is also what he would urge other entrepreneurs in the MENA region to embrace. “My first piece of advice is to build for the market as it actually exists, not for an imported idea of how it should work,” he said. “Across the MENA, factors such as cash on delivery, addressing challenges, traffic, regulation, and changing consumer behaviour are not peripheral issues. They are fundamental product and operating requirements. The companies that understand these realities most deeply are the ones most likely to build lasting advantages. Second, founders must remain disciplined about unit economics, working capital, and cash flow. Growth matters, but growth without a sustainable operating model can quickly become a liability. This is especially important in Egypt, where currency movements and inflation can materially change your cost base. Capital should accelerate a model that is already working; it should not replace the need to build a sound business. Third, choose your shareholders carefully. The value of an investor is not limited to the check. Patient partners who understand your market, support the long-term vision, and remain committed during difficult periods can be transformative.”

For entrepreneurs in Egypt, however, Gharaibeh had a more targeted message. “For Egyptian founders specifically, I would say that constraints can become a powerful source of innovation,” he said. “Egypt is a large, complex and highly dynamic market. If you can build a reliable and profitable product here, you will develop capabilities that are relevant across many other emerging markets. However, regional expansion should follow genuine proof at home. Before entering another country, founders should ensure that their operations are repeatable, their unit economics are clear, and strong local leadership is in place. Expansion should be driven by a compelling customer and commercial case—not by the desire to announce a larger footprint. Stay close to your customers, and invest in your people. Strategies, technologies, and economic cycles will change, but a strong team and a deep understanding of the problem you are solving will remain your greatest assets.”