Bwala Africa Raises Funding to Grow Its Business and Logistic Services

TechInAfrica – Nairobi-based logistics startup, Bwala Africa, has raised undisclosed funding to improve its tech platform for its customers. According to the CEO and Founder of Bwala Africa, Kennedy Nyabwala, the investment will definitely bring impact to the firm’s growth and will increase its market valuation.

In March this year, it also raised undisclosed funding from Justin Caldbeck, a Silicon Valley-based investor who has invested in Snapchat, Stitchfix, Grubhub, Taskrabbit, Opendoor, and Uber.

The company also announced that it had been selected to join Bosch – Founders factory smart mobility accelerator program that will take place on November 5^th, 2019, in Johannesburg, South Africa.

Bwala is currently developing a new platform while at the same time revamping its mobile apps to be ready to compete with competitors like Sendy, Lori Systems, Senga, and Kobo360. Moreover, it also officially started fundraising for its series-A round that will help to gain more customers.

“We have made over 100,000 + last-mile order fulfilments,” said Kennedy Nyabwala, founder and CEO Bwala. ” Our main focus is to make 6000 to 8000 drops per day and sign up over 2000 agents in Kenya to assist in the placement of orders and recruitment of new last-mile partners,” said Nyabwala.

The firm has clients ranging from e-commerce companies, manufacturers, as well as retailers with 700 to 850 shipments per day.

According to the firm, it would launch the BwalaPay escrow payment service that allows customers to make or receive payment comfortably without having to leave their houses of offices. Some of its clients included Naivas, Copia, and Jumia, amongst others.

Source: techmoran.com