ANKA, previously Afrikrea, an Ivorian e-commerce startup, has raised $6.2 million in pre-Sequence A funding

Because it rebrands to “ANKA,” Afrikrea, the e-commerce web site for “all issues created in Africa,” has introduced the profitable completion of a US$6.2 million pre-Sequence A funding.

Alibaba’s Govt Vice Chairman Joe Tsai, BESTSELLER Basis, VestedWorld, Enigmo, Groupe Prunay, and Rising Tide Africa all participated within the funding spherical, which was led by Investisseurs & Partenaires.

The additional funding takes the corporate’s complete funding since its inception in 2016 to US$8.1 million.

Afrikrea, which started as an internet market for promoting and shopping for African-inspired clothes, equipment, arts, and crafts, has grown by 250 p.c yr over yr since its inception in 2016.

ANKA, the first-of-its-kind all-in-one SaaS answer to offer a seamless e-commerce service for African micro-retailers, was launched in 2021 to raised help its sellers and the short development of the enterprise. ANKA (which suggests “Ours” in Bambara and Djoula) aspires to create an infrastructure devoted to enabling e-commerce for its 13,000+ distributors who export “all issues manufactured in Africa” to a worldwide viewers.

ANKA’s retailer base has grown to incorporate distributors from 47 of Africa’s 54 nations, and the corporate has executed over $35 million in transactions in 174 nations around the globe.

“We have now seen distinctive development for the reason that debut of ANKA final yr; since then, our subscribers have tripled, and quantity on the latest providers has doubled by eight simply over the past six months,” Moulaye Taboure, CEO and Co-Founding father of ANKA, stated of the funding and branding. Working underneath ANKA supplies a extra holistic definition of our intention as a pan-African group, as our imaginative and prescient and purchasers’ calls for have outgrown the unique function of the Afrikrea market. We now service retailers in additional than 80% of African nations utilizing the ANKA platform, which unifies all points of the enterprise.”

The recent funds can be used to develop the cellular infrastructure of ANKA’s e-commerce SaaS, permitting its sellers to buy from anyplace on the earth, in addition to put money into new product growth.

Moreover, the funding can be utilized to speed up expertise acquisition throughout the corporate’s product, gross sales, and finance groups, with an emphasis on distant builders.

 

Learn extra on Tech Gist Africa:

SeamlessHR Raises $10 Million in Funding for Cloud HR and Payroll Options in Africa

Lipa Later, a Kenyan BNPL startup, has obtained $12 million in funding for growth

BFREE, a Nigerian fintech startup, has raised $1.7 million in a pre-Sequence A funding spherical

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