{"id":71015,"date":"2026-07-15T15:58:26","date_gmt":"2026-07-15T12:58:26","guid":{"rendered":"https:\/\/entarabi.com\/?p=71015"},"modified":"2026-07-15T16:10:31","modified_gmt":"2026-07-15T13:10:31","slug":"milers-raises-nearly-2-million-to-expand-its-operations-across-egypt","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2026\/07\/milers-raises-nearly-2-million-to-expand-its-operations-across-egypt\/","title":{"rendered":"Milers Raises Nearly $2 Million to Expand Its Operations Across Egypt"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Milers Announces Nearly $2 Million Funding Round to Support Expansion in the Egyptian Market<\/li>\n\n\n\n<li>The funding, backed by existing shareholders including Lorax Capital Partners and Fawry, will strengthen the company&#8217;s working capital and accelerate its domestic expansion.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Milers, the Egyptian logistics startup, has raised more than EGP 100 million (approximately $2 million) in fresh funding from its existing shareholders through a combination of equity financing and credit facilities. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">The investment will be used to strengthen the company&#8217;s operations in the Egyptian market, expand its logistics infrastructure, and support its working capital requirements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">According to Samer Ghraibeh, Founder and CEO of Milers, the majority of the funding was raised through an equity injection, while the remainder came in the form of debt financing. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">The round did not include any new investors, with participation limited to existing shareholders based on their ownership stakes. Ghraibeh remains the company&#8217;s largest individual shareholder.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Milers&#8217; shareholder base includes Lorax Capital Partners and Fawry, both of which participated in the company&#8217;s $9.6 million funding round in 2022.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-left\">Funding to Support Infrastructure and Operations<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">The company plans to allocate a significant portion of the new capital toward expanding its logistics infrastructure across Egypt.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\"> This includes launching a new logistics hub in Sharm El Sheikh to support the city&#8217;s growing tourism and cross-border e-commerce activity, as well as opening additional facilities in Upper Egypt and continuing its expansion in Cairo.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Milers currently operates 26 logistics centers nationwide and expects to exceed 30 centers in the near future.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">The debt facility, structured as an overdraft line, will primarily finance working capital tied to a newly signed cross-border e-commerce contract with what the company describes as one of the world&#8217;s largest global players.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\"> The financing is intended to bridge the cash flow gap created by upfront customs clearance costs before customer payments are collected.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-left\">Egypt Takes Priority Over Regional Expansion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">The startup has also decided to pause its previously announced expansion plans across North Africa, including Algeria, Tunisia, Morocco, and Jordan, choosing instead to prioritize growth in its home market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Ghraibeh said that investments in Egypt currently generate faster returns than expanding into new regional markets, emphasizing that the latest funding round is dedicated entirely to supporting the company&#8217;s domestic operations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-left\">Strong Growth and Future Plans<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Milers has grown its customer base by more than 200% over the past two years, increasing from around 700 clients to more than 2,000 today.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">While declining to disclose financial figures, Ghraibeh confirmed that the company is profitable and continues to achieve consistent month-over-month growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Looking ahead, Milers aims to further strengthen its EBITDA before evaluating strategic options, including a potential initial public offering (IPO) or additional expansion initiatives as the company enters its next growth phase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Milers, the Egyptian logistics startup, has raised more than EGP 100 million (approximately $2 million) in fresh funding<\/p>\n","protected":false},"author":11,"featured_media":71012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8850,1772],"tags":[2378,5160,13145,13146],"class_list":["post-71015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture","category-startups","tag-fawry","tag-lorax-capital-partners-2","tag-milers","tag-samer-ghraibeh"],"acf":[],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/71015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=71015"}],"version-history":[{"count":1,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/71015\/revisions"}],"predecessor-version":[{"id":71016,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/71015\/revisions\/71016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/71012"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=71015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=71015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=71015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}