Hi-Express Announces Seed Round
The Iraqi Angel Investors Network (IAIN) announced its third facilitated investment into startups in Iraq. The members of the network; Amar Shubar and Jaafar Al Musawi, along with other co-investors, have made a six figure investment into Hi-Express. In addition, the investment was partially matched by $20,000 in grants from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH via its project “ICT for Youth in Iraq” as part of the organisation’s support to the Angel Network.
Hi-Express is a last-mile delivery startup focused on the B2B segment of the market and was founded in 2019 by Mujahid Waisi, Ameen Saleem and Ahmed Al Alousi. The startup has now grown to serve more than 170 vendors over the past year empowered by its proprietary technology and the deep experience of its founding team.
Operations excellence is a key challenge for most companies operating in Iraq and especially the last-mile-delivery segment. The team and technology behind Hi-Express has demonstrated its ability to overcome such challenges. While currently most of the last-mile-delivery demand is driven by the increased e-commerce transactions in Iraq, HI-Express is well positioned to transform customer engagement and service fulfillment for a number of sectors – especially related to the government and financial service sector.Amar Shubar, a member of IAIN and Partner at Management Partners