*Data updated daily at 18:00 EAT
Tushop, a Kenya social-commerce platform that enables group-buying of fast-moving consumer goods (FMCGs) has raised USD 3 Mn in pre-seed funding. The round was led by 4DX Ventures with participation from JAM Fund, Breyer Capital, Chandaria Capital, TO Ventures, Golden Palm Investments, FirstCheck Africa, and DFS Lab. Wasoko (formerly Sokowatch) also joined to make their first strategic institutional investment.
A number of angel investors including GB (CEO, Flutterwave), Raja Kaul (President, Sundial Group), Eli Pollak (CEO, Apollo Agriculture), and Ida Mannoh (Director of Growth, Chipper Cash) also took part in the round.
Tushop’s mission is to make access to groceries more affordable and more convenient for Kenyans and eventually all Africans. Tushop works with “Community Leaders” who collate orders from their neighbors and manage door-to-door deliveries. This not only simplifies last-mile delivery but also gives the Community Leaders additional income for coordinating and delivering orders.