Fetchr
Fetchr Logo | |
| Private | |
| ISIN | 🆔 |
| Industry | Technology |
| Founded 📆 | November 2012 |
| Founders 👔 | Idriss Al-Rifai, Joy Ajlouny |
| Headquarters 🏙️ | , , |
Area served 🗺️ | Worldwide |
Key people | Idriss Al-Rifai Joy Ajlouny Omar Yaghmour |
| Products 📟 | Fetchr NOW, Sellr |
| Services | Logistics, Last mile |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Fetchr is an international express, mail delivery and logistics services company, operating an app-based on-demand delivery service model based in Dubai.[1]
Fetchr allows both the community and businesses to send or receive anything, anywhere, in the Middle East. E-commerce retailers can set up a scheduled delivery by simply using a customer’s mobile phone’s GPS co-ordinates, thereby aiming to consistently deliver to the correct location. It also allows individuals to set up a scheduled pick-up of an item they want to ship, through the Fetchr phone app. [2]
As of July 2015, Fetchr is operational in 4 countries (Saudi Arabia, UAE, Egypt & Bahrain) [3] and over 30 cities across the MENA region with plans to develop other services and products, and expand operations into additional countries in the region in the near future.[4]
Origins[edit]
Fetchr started operating in November of 2012. It was founded by Idriss Al Rifai in September of 2012 who was later joined by Joy Ajlouny in September of 2014. [5] The pair met while Al Rifai was pitching to VCs in Silicon Valley.[6]
Idriss Al Rifai is an entrepreneur who previously worked as a consultant at Boston Consulting Group.[7] Co-founder Joy Ajlouny is a serial entrepreneur whose first startup in Silicon Valley, BONFAIRE, was acquired by Moda Operandi. [8]
Fetchr was established with the mutual passion to disrupt the Middle East retail market with technology and customer-centric services that enable the growth of e-commerce in the region. [9]
Investment[edit]
Fetchr was able to secure funding 52 million U.S. Dollars to date [10] with a starting series A funding of 11 million U.S. Dollars in a round led by New Enterprise Associates in 2015 -- the largest US based venture funds investment in the Middle East for a Series A round. [11] This was followed a few months later with an undisclosed amount led by Mobily Ventures. In 2016, Fetchr raised 41 million U.S. Dollars.
References[edit]
- ↑ "Forbes Profile: Fetchr Ranks #1; Forbes Middle East". Forbesmiddleeast.com. 2015-08-18. Retrieved 2017-01-20.
- ↑ "How Dubai delivery app Fetchr works; TimeOut Dubai". Timeoutdubai.com. 2015-08-18. Retrieved 2017-01-20.
- ↑ "Shipping app Fetchr taps into Middle East's growing e-commerce business; Ame Info". Ameinfo.com. 2016-02-07. Retrieved 2017-01-20.
- ↑ "Shipping app Fetchr taps into Middle East's growing e-commerce business; Ame Info". Ameinfo.com. 2016-02-07. Retrieved 2017-01-20.
- ↑ "Fetchr Company Overview; Crunchbase.com". Crunchbase.com. 2012-12-01. Retrieved 2017-01-20.
- ↑ "Dubai phone app Fetchr delivered $11 million funding from Silicon Valley; The National". thenational.ae. 2015-06-29. Retrieved 2017-01-20.
- ↑ "Fetchr Raises $11M To Revolutionize Shipping & Logistics And Bring New Opportunities to American Retailers; PRNewswire". Prnewswire.com. 2015-06-09. Retrieved 2017-01-20.
- ↑ "Internet and Direct Marketing Retail Company Overview of Bonfaire Inc; Bloomberg". Bloomberg.com. 2013-12-12. Retrieved 2017-01-20.
- ↑ "Shipping Made Easy: Fetchr Circumvents Logistical Challenges With GPS-Equipped App; Entrepreneur.com". Entrepreneur.com. 2015-11-04. Retrieved 2017-01-20.
- ↑ "Funding Overview Cruncbase". Crunchbase.com. 2016-03-15. Retrieved 2017-01-20.
- ↑ "Fetchr Enters Bahrain Market; My Startup World". mystartupworld.com. 2016-03-15. Retrieved 2017-01-20.
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