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African Startup Funding Tracker

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Namibian E-Commerce Retail Platform JABU Raises USD 15 Mn Series A Round
Namibian E-Commerce Retail Platform JABU Raises USD 15 Mn Series A Round

JABU, a Namibian last-mile distribution e-commerce company has received a USD 15 Mn Series A led by Tiger Global. Other investors in this growth round include Box Group, Knollwood, and D Global Ventures. Some backers from its seed round: Afore Capital, Oldslip, and FJ Labs also doubled down.

With JABU, merchants can order, stock, and pay for their products via Jwallet and expect same-day delivery. The company also provides data-driven services such as sales metrics and agent performances to FMCGs brands and banks via dashboards. The Series A round will see JABU deepen its presence in Southern Africa and expand to new markets like Botswana and Eswatini later this year.