Investment plan

Lyve Global acquires majority stake in Jeebly

B2B Logistics Software as a Service (SaaS) Lyve Global has acquired a majority stake in UAE-based last-mile delivery and logistics company Jeebly, marking the first step in its investment strategy, a plan that includes also expanding its offering and broadening its market reach.

Founded in 2016, Lyve uses cloud-based platforms and services to accelerate millions of orders each month across the e-commerce, food and beverage, grocery and healthcare industries, according to a Construction Business News report Tuesday, July 5.

The acquisition “will help further accelerate Jeebly’s growth in its existing markets while strengthening its operational capabilities to offer unique delivery solutions across the GCC,” the report said.

“It’s an exciting time for us,” said Nader Museitif, Lyve’s Chief Investment Officer. “In less than 12 months, we have completed 4 acquisitions. We have ambitious plans for the next two years with a total investment value reaching over $150 million.

“Jeebly has been an outstanding success and we are happy to work together on the next leg of the journey. This is one of many investments that will complement our offering and we will actively seek to acquire businesses that will complement our range of services,” he said.

In six years, Jeebly has onboarded over 500 global and regional customers across multiple industries.

“This is an alliance that should strengthen our proposition and create unique synergies that will benefit our customers,” Raman Pathak, CEO and co-founder of Jeebly, said in the report. “Together we will be more resilient and prepared for future opportunities.”

Related: Spryker partners with FarEye for B2B e-commerce last mile delivery

In June, SaaS platform FarEye, which focuses on last-mile logistics challenges, and Spryker, a B2B enterprise digital commerce platform, announced a partnership to integrate FarEye’s smart delivery platform and delivery system. Spryker’s digital commerce operation.

Merchants will be able to offer a customer experience that can be narrowly modified, from initiating a purchase to receiving a delivery, according to the announcement. Between FarEye and Spryker, the companies serve businesses such as “big and bulky”, manufacturing, grocery, industrial machinery, hardware, electronics and markets.

aml/kyc

NEW PYMNTS SURVEY FINDS 3 IN 4 CONSUMERS HAVING HIGH DEMAND FOR SUPER APPS
About: Results from PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” a collaboration with PayPal, analyzed responses from 9,904 consumers in Australia, Germany, UK and USA. and showed strong demand for one super multi-functional app rather than using dozens of individual apps.

We are always looking for partnership opportunities with innovators and disruptors.

Learn more


https://www.pymnts.com/news/international/global-payments/2022/global-payments-services-provider-moneycorp-arrives-in-france/partial/