Lyve Global acquires majority stake in Jeebly
Lyve Global, a B2B logistics platform, has recently acquired a majority stake in Jeebly, a UAE-based last mile delivery and logistics company. This acquisition marks a significant step as part of the company’s new investment strategy to expand its offerings and market reach. By leveraging Lyve’s network, the acquisition will also help accelerate Jeebly’s growth in its existing markets while strengthening its operational capabilities to offer unique delivery solutions across the GCC.
Chief Investment Officer at Lyve, Nader Museitif, said, “This is an exciting time for us. In less than 12 months we have concluded 4 acquisitions. We have ambitious plans for the coming two years with total investment value reaching over $150 million. Jeebly has been an exceptional success story and we’re happy to be working together on the next stage of their 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.”
Jeebly has experienced fast growth since it was first established in 2016. In six years, the company has onboarded more than 500 key global and regional clients across multiple industries. With this latest investment, Jeebly is well on track to accelerate its growth.
With the rapid rise of e-commerce in the region, companies are focused on developing strategies that enhance online trade. Lyve’s solutions play a pivotal role in empowering such companies to thrive in the digital landscape, having successfully expanded its offerings to cover order generation and management, payments, and delivery across 20 markets. With this growth comes the desire to continuously refine and advance its services, backed by major regional investors and institutions.