Onfleet is a technology company that optimizes the delivery and transportation operations of the local businesses. The Company has developed software that makes it easy for SMEs to dispatch and track their own fleet. It serves businesses ranging from grocery, restaurant, flower shops, pharmacies, dry cleaning and moving & storage companies. The company has also created a driver network to allow merchants to connect with third party delivery providers. Onfleet’s technology takes advantage of existing devices and apps through its connections and API features which enables businesses to easily plug into their own workflows.
Onfleet faces competition from legacy incumbents who mainly serve organizations with large fleets such as taxi operators, logistics companies, postal services, schools, car rentals and ambulances. These companies have not been able to cater to the mobile on-demand economy. They have no customer facing apps, and are more focused on field service businesses, while Onfleet focuses on local delivery businesses and on-demand services.
We saw a great opportunity in disruption of this industry both in the US and the emerging markets which are still witnessing a tremendous growth in on-demand space. This kind of technology is hard to build and so far the Onfleet team have demonstrated impressive execution skills.
As ArzanVC, we aim to add value by supporting their growth plans in the MENA region, to help in recruitment and to insure a smooth follow on round.