Wechseln Sie zum Testsieger und sichern Sie sich bis zu 4.000 € Prämie für Ihr Fondsdepot!-w-
30.11.2021 08:13

iMile Delivery Secures $40 Million Bridging Chinese Sellers to Emerging Markets


The Dubai-based delivery company plans to invest in its in-house technology to improve the performance and excellence of its services, along with plans to expand throughout the GCC, North Africa and Latin America

DUBAI, UAE, Nov. 30, 2021 /PRNewswire/ -- Dubai-based delivery company iMile founder and CEO Rita Huang, formerly of Alibaba and Huawei, today announced a $40 Million Series A financing round at a 350 million US dollar valuation. This is the largest series A round by a woman in the region and a key step forward in meeting her vision to transform the logistics chain between Chinese sellers and the rest of the world.

iMile Delivery Secures $40 Million Bridging Chinese Sellers to Emerging Markets

iMile has 100 engineers in China and this round will help iMile to expand its proprietary technology further, globally expand and develop its consumer technology app dedicated to disrupting traditional shipping in emerging markets: iMile was born as a solution for last-mile delivery services, the key logistics challenge in the Middle East - the 'no-address problem'. iMile's propriety tech developments now play a pivotal role in supporting e-commerce in the region: its positioning, predictive, and machine learning technologies are equipped to meet the transport and shipping demands of the next generation of delivery.

Going forward, iMile not only seeks to improve performance for its partners but also support the growth of smaller e-commerce businesses by digitalizing their onboarding process. iMile's customer-to-customer services will also develop with the launch of iMile's Delivery App allowing users to track, schedule and book orders. This service enables iMile to support local businesses that have no centralized access to first and last-mile services by offering them agile logistics solutions. The app is available on Play Store, Apple Store, and AppGallery.

Already a trusted vendor partner to top e-commerce players in the Middle East, iMile will further extend its services to other sectors such as Telecomm and Banking.

CEO and Founder of iMile, Rita Huang commented: "This is truly an exciting time for iMile as we continue to expand across the region and around the world. We have a very strong presence in the Middle East and we plan on expanding into Africa, and Latin American markets.

"Our latest funding round is a proud moment for us and we intend to further invest in our technology, whilst improving the performance and excellence of our services. The investment will also help us accelerate our growth in many more markets to come. We are one of the largest shippers from China and we have a real vision to connect Chinese sellers to the world through exceptional service."

About iMile
iMile is a logistics and last-mile delivery service, founded on premium state-of-the-art in-house technology. iMile was launched in September 2017 by Rita Huang and co-founders Naveen Joseph, Gao Wenli, and Nancy Chen.

Rita Huang, Founder & CEO (LinkedIn) (Twitter)


Sowmya Achuthan 

Rym Farran  

To find out more about iMile please visit: www.imile.com

Photo: https://mma.prnewswire.com/media/1697345/iMile_Delivery.jpg

Börse Stuttgart Anlegerclub

Heute im Fokus

DAX leichter erwartet -- Asiens Börsen uneinheitlich -- Siemens verkauft Yunex für fast eine Milliarde Euro -- AUTO1 mit Rekordverkäufen -- HUGO BOSS steigert EBIT kräftig -- CureVac im Fokus

Covestro erwirbt restliche Anteile an Japan Fine Coatings. Nordex verzeichnet 2021 deutlich mehr Auftragseingänge. Daimler Truck steigert Absatz 2021 um ein Fünftel. EVOTEC und Eliy Lilly kooperieren bei Stoffwechselerkrankungen. Allianz: Cyberattacken weltweit größte Gefahr für Unternehmen. Japanische Notenbank erhöht Inflationserwartungen.


Haben Sie Verständnis für Menschen, die gegen die Corona-Politik demonstrieren?

finanzen.net zero
finanzen.net zero



Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln