iMile Valuation, Funding & Investors

iMile is valued at $350M as of November 2021.

See full iMile profile

Last iMile valuation

$350M

Series A · Nov 2021

Last iMile funding round

$56M

Series C · Nov 2024

Cumulative funding iMile raised

$106M

across 3 funding rounds

Key investors in iMile

iMile Overview

About iMile

iMile is a Dubai-based e-commerce logistics company founded in 2017 by Rita Huang, providing last-mile delivery, fulfillment, and warehousing for merchants shipping into the Middle East. It operates in the UAE, Saudi Arabia, and Egypt, with research and development centers in Hangzhou and Shenzhen, and serves clients including Shein, Fordeal, Amazon, and Noon. The company uses AI to manage cross-border logistics along Belt and Road Initiative trade routes and, as of 2020, ran more than 25 warehouses across the Middle East and China.


Founded

2017

HQ

UAEUAE

Website

imile.com

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$350M (Nov 2021)

iMile Valuation

iMile is currently valued at $350M, based on its Series A in November 2021.

The $40M round was led by ByteDance.

iMile valuation by funding round

iMile valuation by funding round
DateStageValuation
Nov 2021Series A$350M

iMile Funding History

iMile has raised a total of $106M across 3 funding rounds.

iMile's first fundraising round was a $10M seed round in March 2020. The most recent completed round was a $56M Series C in November 2024.

iMile funding rounds

iMile funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2024Series CQiming Venture Partners$56M--
Nov 2021Series AByteDance (lead)$40M$350MiMile is a Dubai-based e-commerce logistics company founded in 2017 by Rita Huang, providing last-mile delivery, fulfillment, and warehousing services primarily for Chinese online merchants expanding into the Middle East, with operations in UAE, Saudi Arabia, Egypt, and R&D centers in Hangzhou and Shenzhen. It serves major clients including Shein, Fordeal, Amazon, and Noon, leveraging AI to facilitate cross-border logistics along the Belt and Road Initiative markets. As of October 2020, iMile had over 500 employees and more than 25 warehouses across the Middle East and China. On November 30, 2021, iMile raised a $40 million Series A funding round, the largest ever by a female founder in the Middle East, at a $350 million valuation according to company statements. ByteDance led the round with a $10 million investment, though sources indicate ByteDance invested at a lower valuation; other participants were undisclosed. This followed a $10 million pre-Series A round in March 2020 from undisclosed investors. The funding aims to enhance iMile's technology stack, improve service performance, and accelerate expansion into GCC countries, North Africa, Africa, and Latin America, while extending services to sectors like telecom and banking. iMile positions itself as one of the largest shippers from China, focusing on connecting Chinese sellers to emerging global markets through efficient logistics.
Mar 2020Seed-$10M--

Who has invested in iMile?

2 investors have backed iMile across its funding rounds, including Qiming Venture Partners and ByteDance.

Lead investors include ByteDance.


iMile Investors

Investors in iMile by funding rounds participated
InvestorHQRoundsRoleFirst check

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iMile Competitors

iMile competitors include listed companies like Kerry TJ Logistics, Tegma, Universal Logistics Holdings and Waberer's Group, and private ones like Tristar Transport and Sicepat Express.

Public and private companies comparable to iMile
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Kerry TJ LogisticsTaiwanTaiwanPublicly listed$403M$95M$424M-
TegmaBrazilBrazilPublicly listed$433M$83M$466M1.1x
Universal Logistics HoldingsUnited StatesUnited StatesPublicly listed$1.6B$84M$476M0.8x
Tristar TransportUAEDubaiPrivate-$100M$500M-
Waberer's GroupHungaryHungaryPublicly listed$940M$120M$243M-
Sicepat ExpressIndonesiaJakartaPrivate--$744M-

iMile Public Comps

iMile is still privately-owned, but its public comps include Eimskipafelag Islands, Hargreaves Services, JSL SA, Gulf Warehousing, SAPTCO, Super Group, Kingston Wharves, Mahindra Logistics, TRAXIÓN and K&S Corp.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eimskipafelag Islands$929M$99M0.7x-6.6x-
Hargreaves Services$355M$51M1.1x0.9x7.4x7.0x
JSL SA$1.9B$383M0.8x0.8x4.1x4.3x
Gulf Warehousing$380M$99M2.3x2.3x8.8x7.3x
SAPTCO$487M$118M1.4x-5.6x-
Super Group$2.8B$280M0.3x0.3x2.7x2.7x
Kingston Wharves$80M$34M3.4x-8.2x-
Mahindra Logistics$730M$39M0.6x0.6x11.2x9.6x

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Common questions about iMile

When was iMile founded?iMile was founded in 2017.
Where is iMile headquartered?iMile is headquartered in UAE.
Is iMile publicly listed?No, iMile is a private, VC-backed company.
What is iMile's valuation?iMile was last valued at $350M in its Series A in November 2021.
How much funding has iMile raised?iMile has raised $106M across 3 funding rounds.
What was iMile's last funding round?iMile's last funding round was a $56M Series C in November 2024.
Who are iMile's investors?iMile's investors include ByteDance and Qiming Venture Partners.
Which companies are comparable to iMile?Companies comparable to iMile include Kerry TJ Logistics, Tegma, Universal Logistics Holdings, Tristar Transport, Waberer's Group and Sicepat Express.

See companies similar to iMile

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