Namibian Startup JABU Secures USD 3.2 Mn Funding

Namibian business-to-business e-commerce startup JABU has raised a USD 3.2 Mn financing round from investors such as Afore Capital, Y Combinator, FJ Labs, Quiet Capital, Kli Capital, Pareto Capital, and unnamed angels.

The Namibian startup has its fleet of vehicles along with eight distribution centers. Suppliers using the platform have dashboards to see where their products are being delivered, check key performance indicators, and book merchandising. They can also make advertising and marketing campaigns at shops, perform product giveaways and tap into merchandising revenue.