Mobily Ventures, the venture capital arm of Etihad Etisalat (Mobily), is investing in Fetchr, a shipping & logistics startup using cutting edge technology to overcome shipping challenges in the Middle East.
Dubai-based Fetchr offers a smartphone app that facilitates package delivery in a region where the lack of addressing systems troubles businesses and consumers. The startup’s proprietary technology allows scheduling package pick-up and delivery using smartphones and GPS capabilities. In a mission to help consumers and businesses “ship happy”, Fetchr’s technology uses the consumer’s phone as a delivery address.
“We look for strong teams innovating to solve important problems. Fetchr is one such company that we believe will vastly improve the shipping options businesses and consumers in the region have,” says Dr. Karl-Michael Henneking, Chairman of the board of Mobily Ventures, in a press statement.
“We are delighted Mobily Ventures shares our vision for using disruptive technology to improve the shipping experience for consumers in the region,” adds Fetchr’s co-founder, Idriss Al Rifai.
Fetchr also received funding in June from Silicon Valley-based New Enterprise Associates (NEA).