South Africa's Pargo Expands to Egypt With $4m Investment

TLDR

South African e-commerce logistics firm Pargo expands into Egypt with Collect and Return services at 500+ Pargo Points, supported by $4 million funding round. Pargo's innovative logistics model leverages pickup points to reduce delivery costs and cater to Egypt's booming e-commerce sector. Launching in Egypt in 2023, Pargo introduces "Cash on Collection" option and plans to extend to 7,000 pickup points in MENA by 2026.

South African e-commerce logistics firm Pargo has entered Egypt, launching its Collect and Return services at over 500 Pargo Points, including locations in Fawry, Circle-K, and Basata stores. This expansion is backed by a $4 million funding round, enabling Pargo to scale its network and address the need for affordable, efficient delivery solutions in Egypt's growing e-commerce market.

Pargo's logistics model utilizes a network of pickup points, reducing delivery costs by consolidating orders and eliminating missed deliveries. Egypt marks Pargo's first major international expansion, with Noon as one of its initial clients. Noon's customers can now opt to pick up orders at Pargo Points, offering flexibility and convenience.

Pargo initially piloted its solution in Egypt in 2023, seeing strong adoption. The company introduced a "Cash on Collection" option, tailored for Egypt's cash-based economy. Plans are underway to expand to 7,000 pickup points across MENA by 2026.

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Key Takeaways

Pargo's expansion into Egypt highlights the growth potential in Africa's logistics sector, driven by rising e-commerce demand. With challenges like poor infrastructure and traffic congestion in many cities, Pargo's pickup model offers a cost-effective alternative to traditional home delivery. By partnering with major e-commerce players like Noon, Pargo is well-positioned to address logistical gaps, providing consumers with reliable, flexible delivery options.

Read the original article on Daba Finance.

South Africa's Pargo Expands to Egypt With $4m Investment

South Africa's Pargo Expands to Egypt With $4m Investment

South Africa's Pargo Expands to Egypt With $4m Investment

South Africa's Pargo Expands to Egypt With $4m Investment

South Africa's Pargo Expands to Egypt With $4m Investment