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Nigeria's Renda raises $1.9m to Optimize Order Fulfillment for Businesses in Africa

Nigeria's Renda raises $1.9m to Optimize Order Fulfillment for Businesses in Africa
techmoran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techmoran.com Daily Mail and Mail on Sunday newspapers.

Maya Horgan Famodu , Magic Fund , East Africa , Ingressive Capital , Techstars Toronto , Founders Factory Africa , Golden Palm Investments , Reflect Ventures , Vastly Valuable Ventures , Ope Onaboye , Bimbo Onaboye , Product Manager , Commerce Integration , Horgan Famodu ,

MarketForce winds down its B2B e-commerce arm

Kenyan B2B e-commerce company MarketForce is winding down its B2B e-commerce business that served informal merchants (mom-and-pop stores) after a turbulent two-year period that saw it scale down operations severely. The shutdown of the B2B e-commerce arm dubbed RejaReja comes months after MarketForce withdrew the service from all its markets, including Nigeria and Kenya, save for Uganda. MarketForce had raised $42.5 million, including $40 million debt-equity in a Series A round in 2022 at over $100 million valuation, to fuel the business. ....

Tesh Mbaabu , Mesongo Sibuti , Vastly Valuable Ventures , Uncovered Fund , Reflect Ventures , Greenhouse Capital , Century Oak Capital ,

MarketForce winds down its B2B e-commerce arm

At its peak, it raised $40M Series A debt-equity funding, employed over 800 people and served 270,000 informal merchants. ....

Mesongo Sibuti , Tesh Mbaabu , Vastly Valuable Ventures , Uncovered Fund , Reflect Ventures , Greenhouse Capital , Century Oak Capital ,

MarketForce winds down its B2B e-commerce arm

MarketForce winds down its B2B e-commerce arm
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

Tesh Mbaabu , Mesongo Sibuti , Vastly Valuable Ventures , Uncovered Fund , Reflect Ventures , Greenhouse Capital , Century Oak Capital ,