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African Startup Funding Tracker

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South African E-Commerce Startup TUNL Secures USD 1 M Pre-Seed Funding
South African E-Commerce Startup TUNL Secures USD 1 M Pre-Seed Funding

TUNL, a South African parcel shipping platform, has secured USD 1 M in pre-seed funding from investors, including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The funding will fuel its expansion in its primary market, South Africa, and lay the groundwork for its launch in other key African and emerging markets.

Merchants offer customers various shipping options during checkout on the TUNL platform. This includes an “economy” option with the shipping cost baked into the product price, enabling free shipping via TUNL’s courier service with a slightly longer delivery time (around 10 to 14 days) to reduce cart abandonment during checkouts. Alternatively, customers can opt for faster shipping options (within a week) with FedEx or UPS at a more reasonable cost, like $10 for the same backpack, enhancing flexibility and potentially improving conversion rates