One Click, a Dubai-based last-mile delivery startup has raised investment from Middle East Venture Partners, one of the leading VCs of region. The investment was announced last week, it’s size wasn’t disclosed but given MEVP’s average ticket size, it has to be a number on higher side of six digit (US dollar) or even seven.
Co-founded by Hassan Hallas, One Click is a technology platform that connects drivers with businesses that need on-demand delivery services. Their entire delivery process is technology enabled, with a delivery management system that features featuring GPS locations tracking, route optimization and automated customer notifications.
The services offered by One Click are currently being used by businesses across different verticals including food delivery, apparel, e-commerce, groceries, and parcel delivery.
“I am really excited about what we are building; we are solving the ‘last-mile’ logistics problem by providing a technology-enabled ecosystem solution, that connects businesses and drivers to a cloud platform, enabling smoother and seamless operations,” said Hassan Hallas, CEO & Co-Founder of One Click.
The startup has processed more than one million orders in total and has been growing at 36% month to month. They aim to use the latest investment to accelerate their growth plans, further develop the propoeritory technology and increase the team. The investment will also be used to expand to other cities of UAE and eventually to other GCC countries.
“We were impressed with what the One Click team has achieved in such a short period of time,” noted Walid Mansour, Partner and Chief Investment Officer at MEVP. “We believe that winning in the last-mile delivery space will require strong technology coupled with exceptional operational capabilities, that can make on-demand last-mile logistics economically viable; unlike other players in the space, One Click has a positive contribution margin.”
Yesterday, a similar Egyptian startup Bosta also raised an investment from country’s largest electronic payment provider Fawry.