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Lyve Global, a UAE-based B2B logistics SaaS platform, recently acquired a majority stake in Jeebly, a leading UAE-based last-mile delivery and logistics company.
Lyve’s acquisition of a majority stake in Jeebly marks an important step in the company’s new investment strategy to expand its product and market reach.
Lyve has flourished since its inception in 2016, growing into an end-to-end solution provider. The company now uses cloud-based platforms and services to help leading brands in the e-commerce, food and beverage, grocery and healthcare industries process hundreds of millions of orders each month.
rich network
By leveraging Lyve’s extensive network, the acquisition will help to further accelerate Jeebly’s growth in its existing markets, while enhancing its operational capabilities to provide unique delivery solutions in the GCC.
Lyve Chief Investment Officer Nader Museitif commented on the strategic investment: “This is an exciting time for us. In less than 12 months, we have completed four acquisitions. We have set ambitious goals for the next two years , with a total investment of more than $150 million. Jeebly is an extraordinary success story and we are excited to work together on the next stage of our journey. This is one of several investments that complement our offering and we will actively pursue acquisitions that can Companies that increase our range of services.”
Jeebly has experienced rapid growth since it was first established in 2016 by Raman Pathak and Ram Parashar with the help of its lead investor Axeed. In just 6 years, the company has served more than 500 major global and regional clients in multiple industries. With this latest investment, Jeebly is poised to accelerate growth.
growth partner
Pathak, CEO of Jeebly, said: “We are delighted to welcome Lyve Global as our growth partner. This is an alliance designed to strengthen our proposition and create unique synergies to benefit our customers. Together, we will Be more resilient and prepare for future opportunities.”
Axeed CEO Abdulla Al Shaibani also commented on the partnership: “Lyve Global and Jeebly joining forces are an excellent strategic development that benefits all parties involved. We at Axeed have always believed in Jeebly’s potential and will continue to actively support it This partnership.”
With the rapid rise of e-commerce in the region, companies are focusing on developing strategies to enhance online commerce. Lyve’s solutions play a key role in helping such companies thrive in the digital environment, having successfully expanded their offerings to include order generation and management, payment and delivery across 20 markets. With this growth, there is an expectation to continuously improve and enhance its services with the support of key regional investors and institutions. – arab trade news agency
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