Mylerz raises over EGP 100 mn to fund domestic expansion

based last-mile delivery and fulfillment firm Mylerz tapped its shareholders for more than EGP 100 mn in fresh debt and equity statement (pdf)

Who’s who: some USD 9.6 mn

What the firepower gets

The debt tranche — an overdraft facility — is earmarked for working capital tied to a new cross-border e-commerce contract

Most of the raise is going toward infrastructure

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