Wasoko
Latest round
- Series B
Last raised
- Mar 2022
Total raised
- $129M
Investors
- 14
About Wasoko
Founded in 2013 and headquartered in Nairobi, Kenya, Wasoko operates as a distribution platform that facilitates the supply of goods to retailers across multiple African nations. The company has engaged in 6 deals, with its most recent deal occurring on December 22, 2023.00 mn.Wasoko specializes in providing a comprehensive distribution platform that enables retailers across Africa to access essential products and services conveniently and cost-effectively. The core product offerings include a mobile application that allows shop owners to place orders and receive goods on the same day, ensuring that their supply chain runs smoothly and efficiently. The platform serves small to medium-sized retailers, with clientele ranging from local shops to larger enterprises in urban and peri-urban areas. Wasoko's services extend across various African markets, including Kenya, Uganda, Rwanda, and Tanzania.Revenue generation at Wasoko is structured around the direct sale of goods to retailers through their mobile platform, which facilitates same-day delivery of products. Transactions typically occur as business-to-business (B2B) interactions, where retailers place orders based on their inventory needs and receive goods directly to their locations. The competitive pricing structure allows retailers to maintain reasonable profit margins while ensuring access to high-quality products. This model includes a credit facility that enables retailers to stock up even in the absence of immediate funds, accommodating their financial situations through flexible payment terms.In December 2023, Wasoko agreed to merge with MaxAB, enhancing its capabilities in the e-commerce space.00 mn will be utilized to develop Wasoko's e-commerce initiatives and strengthen its infrastructure. The company is focusing on expanding its operations into new African markets, further establishing its presence in the region to improve access to essential goods for retailers. Specific timelines for these expansion efforts have not yet been disclosed.
Who invested in Wasoko
14 investors across 3 rounds
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Questions about Wasoko
Who invested in Wasoko?
Wasoko has 14 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Wasoko raised?
Wasoko has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Wasoko last raise money?
Wasoko's most recent round on record is a Series B, in Mar 2022.
What does Wasoko do?
Founded in 2013 and headquartered in Nairobi, Kenya, Wasoko operates as a distribution platform that facilitates the supply of goods to retailers across multiple African nations.
Where is Wasoko headquartered?
Wasoko is headquartered in Nairobi, Kenya.
Which VCs invest in companies like Wasoko?
Among active investors with capital left to deploy, WestBridge Capital Partners, Norrsken22, 4DX Ventures and LoftyInc Capital Management back software companies at Wasoko's stage. Their profiles are linked below.
VCs backing software startups at Series B
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