Mobily Ventures invests in logistics start-up

Mobily Ventures, the venture capital arm of Mobily, announced it is investing in Fetchr, a shipping and logistics start-up that utilises 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 start-up’s proprietary technology allows scheduling package pick-up and delivery using smartphones and their GPS capabilities. The phone being used as a delivery address is only one of a suite of technologies Fetchr has launched.