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. 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.
Chief Investment Officer at Lyve, Nader Museitif, commented on the strategic investment: “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 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.”
Raman Pathak, Chief Executive Officer and Co-Founder of Jeebly said: “We are excited to welcome Lyve Global as our growth partner. 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”.
