Daily Digest Monday, 6 December 2021
Nigerian Retail-Tech Startup TradeDepot Raises $110m Series B Funding Round
Founded in 2016, TradeDepot connects consumer goods brands in Africa directly to a target market of several million retail outlets across the continent. Read more
Nigeria’s Mouka Foam Acquired By Moroccan Company, Dolidol, In $60 Million Deal
Dolidol, a market-leading operator in Francophone Africa involved in the manufacturing and distribution of bedding and mattress products, acquired the Nigerian giant, Mouka with an investment of $60 million. Read More
Egyptian Inspection Management Startup beXel Raises 6-Figure Funding Round
Egyptian cloud-based inspection management software beXel has raised a six-figure US dollar round of funding to expand to Saudi Arabia and other GCC countries. Read More
Kenyan Community-led Marketplace, Pariti, Secures $2.85m Led By US Investors
Pariti, a Kenyan community-led marketplace that builds digital infrastructure for emerging market startup ecosystems, has raised $2.85 million in seed funding, the company announced today. Read More