Congo's logistic startup Noki Noki bags $3m to expand

STARTUP VENTURE CAPITALJune 20, 2024 at 10:40 AM UTC

TLDR

Congolese logistics startup Noki Noki secures $3 million seed funding for food delivery and supermarket services.
Founded in 2021 by Jonathan Yanghat, Noki Noki claims over 10,000 users and $1.67 million in transactions in 2023.
Funding led by Uma Ventures to expand across existing six markets and establish in new markets like the Democratic Republic of Congo (DRC).

Noki Noki, a Congolese logistics startup specializing in food delivery and supermarket shopping services, has secured $3 million in seed funding.

Founded in 2021 by Jonathan Yanghat, the company claims to serve more than 10,000 users and has achieved over 1 billion CFA francs ($1.67 million) in transactions in 2023.

The funding round, led by Uma Ventures, aims to facilitate the startup's expansion across its current six markets and establish a strong presence in new markets, including the Democratic Republic of Congo (DRC).

Points clés à retenir

The funding underscores ongoing investments in Congolese startups, dominating venture capital funding in Central Africa. In 2023, Congo raised $62 million in venture capital, leading the region in startup funding growth. Noki Noki faces competition from other logistics startups like Wikko, Vanoma, and Sualoo in Central Africa's expanding last-mile delivery market. The continent's last-mile delivery sector is experiencing robust annual growth of 8.45%, with projections indicating it will reach $2.35 billion by 2030, according to data from Straits Research.

DRC

Noki Noki

Startups

Venture Capital

Venture Funding

Startup Funding

Logistics

Last Mile Delivery

Uma Ventures