OmniRetail shakes up Africa’s B2B e-commerce market with $20M Series A
OmniRetail raised $20 million in Series A funding to enhance its operations in West Africa. The funding round was co-led by Norfund and Timon Capital, marking Norfund's first direct equity investment in an African startup.
Egyptian Startup Cartona Raises USD 8.1 M Series A Extension Round
Cartona raises USD 8.1 M in a Series A extension round. Algebra Ventures leads the round, with participation from Silicon Badia, SANAD Fund for MSME, Camel Ventures, and GlobalCorp.
Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa
Cartona raises $8.1 million in a Series A extension, bringing its total Series A funding to $20.1 million. The platform plans to use the funds to grow its market share in Egypt and potentially expand into other regional markets.
