Mylerz eyes expansion as it raises $9.6m in funding round

RIYADH: Mylerz, a Cairo-based e-commerce startup, raised $9.6 million in an investment round led by private equity firm Lorax Capital Partners with participation from Egyptian digital payment giant, Fawry.

The company provides its partners with the ability to track sent out orders, change their destination, and generate insights on consumer behavior.

Mylerz will utilize its newly acquired fund to enter three markets in North Africa, expand across Egypt as well as achieve its goal as an end-to-end logistics provider.