Mrsool, one of the fast-growing emerging companies in the Middle East providing delivery on demand services, is set to invest in the sports sector in the coming period, a senior company official said.
Ayman Alsanad, CEO and Co-founder, added in an exclusive interview with The Egyptian Gazette on the sidelines of Cairo ICT 2021 that the company is in negotiations with one of the popular clubs in Egypt for entering the sports sector. Mrsool Company is participating this year in Cairo ICT 2021 as the official delivery partner of the exhibition.
The company is also in negotiations for providing new financing to be pumped in new investments, which may be announced before the end of the first half of 2022.
Mrsool was able to seize a market share in the Middle East region in a short time.
What are the most prominent features of Mrsool’s plans to expand into new regional markets? Are there new services to be added in the application?
Today, Mrsool started to give everyone a brother in every corner – a person who will listen to you, and understand what you want from and accordingly will do everything possible to help you, he said.
He added that Mrsool started in 2015 in Saudi Arabia with a steady growth in the country of origin and throughout the Middle East region. ‘Today, the company has 10 million subscribed users and nearly 800.000 couriers. We have a very clear footprint in Egypt; we think we are only started here. It is a challenging and competitive to start business in Egypt, but we can manage it.’
‘Mrsool comes to make it easier and easier for customers to get whatever they want and to provide additional income for drivers and also for partners that we serve, Alsanad said.
Mrsool today has Spanish inspiration besides actually expanding double downing on Egypt, we also want to expand in GCC countries as well, especially in investments like that in the dark stores concept, and in the kitchen concept, he added.
How could you grow so fast in just 7 years without having extra funds?
It is amazing, as the company was able to sustain operation without much flow of investment, however international expansion requires a quick injection of capital for the company to grow. So, a raft of investments is in the pipelines; details will be announced in the next few months.
What is the company’s strategy to expand in the Egyptian market? Did you notice some levels of growth that push the company to invest here?
We are looking at Egypt as one of the most strategic places for Mrsool to expand; strategic not only for what it is happening today but what it is going to be happened in the next 3-5 years. We think we really have a goal in this market.
Mrsool is a platform that provides more services, more verticals in the region, and, at the same time, is expanding in more cities.
What are the markets that the company plans to invest in?
GCC is one of the targets after Egypt. But, the financing will be used also to consolidate the company’s position, and boost its offers in Egypt.
When will the company enter the Saudi Stock Exchange?
May be between 2 to 3 years.
What is the company’s future plan for entering the sports sector?
We have a keen interest in investing in sports sector, and, by the way, we have gone to a studio in Al-Malik Saud club, it became Mrsool part. We think this vibrant part of the investment is interesting, because anyway it will be reflected on Mrsool business.
