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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Nov 2021 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2024 | Series C | Qiming Venture Partners | $56M | - | - |
| Nov 2021 | Series A | ByteDance (lead) | $40M | $350M | iMile 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 2020 | Seed | - | $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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialiMile 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $403M | $95M | $424M | - | ||
| Publicly listed | $433M | $83M | $466M | 1.1x | ||
| Publicly listed | $1.6B | $84M | $476M | 0.8x | ||
| Private | - | $100M | $500M | - | ||
| Publicly listed | $940M | $120M | $243M | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $929M | $99M | 0.7x | - | 6.6x | - | |||
| $355M | $51M | 1.1x | 0.9x | 7.4x | 7.0x | |||
| $1.9B | $383M | 0.8x | 0.8x | 4.1x | 4.3x | |||
| $380M | $99M | 2.3x | 2.3x | 8.8x | 7.3x | |||
| $487M | $118M | 1.4x | - | 5.6x | - | |||
| $2.8B | $280M | 0.3x | 0.3x | 2.7x | 2.7x | |||
| $80M | $34M | 3.4x | - | 8.2x | - | |||
| $730M | $39M | 0.6x | 0.6x | 11.2x | 9.6x | |||
This data is available for Pro users. Sign up to see all iMile competitors and their valuation data. Start Free Trial | ||||||||
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. |
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