In Brief: Egypt’s p2p shipping startup HitchHiker raises $200,000

Cairo-based HitchHiker has raised $200,000 for its international P2P shipping platform, the startup announced today. The investment came from Dubai-based angel investors.

With this funding, they are planning to expand their 10-member team by adding at least four new members in the coming few months.

Founded last year by Hussein Mahmoud El-Terawy and Hassan Selim, HitchHiker connects people that want to ship something from Point A to Point B internationally with someone who is traveling from/to the same place and has some extra space in their luggage. The startup makes money by charging the shopper $5 for every transaction.

Since launching, HitchHiker has helped travelers earn almost $300,000 for delivering items to shoppers worldwide. Its apps that have been downloaded over 50,000 times have processed more than 20,000 orders until today.

Source: MENAbytes.

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