Senegalese Startup Afrikamart Raises USD 850 K Seed Funding

Afrikamart, a startup that is using digital technology to revolutionize the value chain of fresh agricultural produce, has raised USD 850 K in seed funding from BLOC Smart Africa, a fund managed by Bamboo Capital Partners, Orange Ventures, Launch Africa, and Teranga Capital.

Afrikamart enables farmers to sell their products directly through a distribution network made of supermarkets, processors, retailers, and export companies. The startup claims to deliver an average of 10 tonnes of veggies daily to 500 regular consumers in four Senegalese cities.