In order to expand its service offerings throughout Kenya and East Africa, the Kenyan startup Duhqa, a B2B platform for retail distribution of consumer goods in FMCG, cold chain, and pharmaceuticals has closed a US$2 million seed round.
CrossFund, Roselake Ventures, and Mo Angels participated in the funding round, along with a number of other current investors like Techstars and other angel investors.
Duhqa is a B2B retail-tech platform that was founded in 2021 by Victor Maina, Davis Angwenyi, and Dudu Moilwa. It enables unregistered African retailers to source and pay for inventory digitally, receive quick delivery, and access short-term finance.
With the best in logistics, e-commerce, financing, and data insights, we hope to fill in the holes in African distribution logistics and create a better, leaner African distribution sector. There is a substantial need for our product, which provides businesses with a better means of reaching mass customers in Africa with their goods and services. At this critical juncture, we are happy to receive support from both new and returning investors. By linking them with manufacturers and providing them with the tools they need to be effective, we will be able to continue making it simpler for retailers to conduct business, according to Maina.
Duhqa intends to expand its merchant network and provide more tech tools to it with the money it has raised. It intends to expand throughout Kenya and the greater region of East Africa.
Although it has only 40 employees now, the business plans to more than triple that number before the year is over.