Algerian start-up Yassir just raised $30 million in a Series A funding round led by angle investors including WndrCo, DN Capital, Kismet Capital, Spike Ventures, Quiet Capital, Endeavor Catalyst, FJ Labs, VentureSouq, among others.
Founded in 2016 by Noureddine Tayebi and Mahdi Yettou, the app covers a wide variety of delivery and ride-hailing service from private taxis to parcel delivery and on-demand delivery of groceries.
Yassir is currently active in Algeria, Morocco and Tunisia. It has around 3 million users and over 40,000 partners.
Following the COVID-19 crisis, interest in delivery apps has skyrocketed and Yassir expanded its services to 16 cities at the beginning of he pandemic.
“When we first started, on-demand services that we all know about, like ride hailing, last mile delivery, home services, were pretty much virgin in those countries, and some of the countries that we want to target, when it comes to such services, they remain [untapped],” said Tayebi.
Yassir plans to use the funding to expand its business into sub-Saharan Africa.
“We’re 100 per cent a local champion, and what I mean by that is that the whole team is from the region, including the tech team, it was actually part of our mission. We want to empower the local talent and most of the technical talents,” he added.