The tech company expands its investment activities with the acquisition
Lyve Global is a B2B logistics SaaS platform founded in the UAE, enabling businesses to digitize their customer journey from order to payment to delivery. The company has recently acquired a majority stake in Jeebly, a leading UAE-based last mile delivery and logistics company.
Lyve’s acquisition of a majority stake in Jeebly marks a significant step as part of the company’s new investment strategy, which aims to expand its offerings and market reach, it was revealed via a press communique.
Lyve has flourished since its inception in 2016, evolving into an end-to-end solutions provider. The company now uses cloud-based platforms and services to help facilitate hundreds of millions of orders every month on behalf of leading brands across the e-commerce, food and beverage, grocery, and healthcare industries.
By leveraging Lyve’s rich network, the acquisition will help to further accelerate Jeebly’s growth in its existing markets while also strengthening its operational capabilities to offer unique delivery solutions across the GCC.
“Jeebly has been an exceptional success story and we’re happy to be working together on the next stage of the journey. This is one of several investments that will complement our offering and we will be actively looking to acquire companies that add to our spectrum of services,” commented Nader Museitif, Chief Investment Officer, Lyve, on the latest strategic acquisition.
“This is an alliance that is set to strengthen our proposition and create unique synergies that will benefit our customers. Together, we will be more resilient and prepared for future opportunities,” remarked Raman Pathak, CEO and Co-Founder, Jeebly.
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