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Tech in the Middle East lebanon Logistics

Lebanese delivery app Toters secures $15 million in Series B round

Toters, a Lebanon-based delivery app has raised $15 million in its Series B round led by the International Finance Corporation (IFC), a development subsidiary of the World Bank Group. * The funds will enable the startup to expand its services in Iraq and secure new partnerships with restaurants, retailers, and couriers.

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Lebanese delivery app Toters secures $15 million in Series B round
Photo by Sticker Mule / Unsplash

Toters, a Lebanon-based delivery app has raised $15 million in its Series B round led by the International Finance Corporation (IFC), a development subsidiary of the World Bank Group.

  • The funds will enable the startup to expand its services in Iraq and secure new partnerships with restaurants, retailers, and couriers.
  • Toters is a logistics firm that started off with food delivery and now offers a super app that enables multi-purpose services including grocery delivery, courier services, and financial and transaction services.
  • March Holding and BY Ventures, an existing investors participated in the funding round.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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