Egypt-based Cairo Angels, a global network of angel investors focused on supporting startup opportunities in Egypt, the Middle East, and Africa, has revealed its investment in Bosta, a logistics tech startup based in Cairo.

Bosta is an on-demand delivery platform that allows customers to send, receive, and track deliveries at the push of a button.

The company plans to use the investment to increase its product offering and to grow to other markets in the Middle East and North Africa (Mena) region, said a Daily News Egypt report.

The Cairo Angels investment follows a previous investment by Dubai-based Numu Capital, it said.

The company is now well capitalised to grab a significant stake in this fast growing and exciting sector, added the report.