Kasha has raised $21M series B led by Knife Capital to expand in Africa
Kasha, a digital retail and last mile distribution platform for pharmaceuticals and fast-moving consumer goods, intends to use the funding to expand its operations into South and West Africa, solidifying its position as Africa’s leading digital health access platform. The funds will also be invested into Kasha’s digital platform and enterprise services.
Since Kasha’s inception in Rwanda in 2016, the company has prioritised women as their main customer segment, given women’s significant influence over health product and household goods purchases. In Africa, women make decisions on 80% of household purchases and 60% of small shop owners are women. Consequently, Kasha’s largest customer base is women.
The company, which has grown rapidly within Kenya and Rwanda, recently commenced operations in South Africa and has plans to expand to West Africa later this year.
Kasha’s exponential growth, as evidenced by its Annual Recurring Revenue (ARR) which has increased by over 50x since the close of their Series A round, is set to continue with country expansion and successful execution of its enterprise services contracts with top-tier clients.
Starting in Rwanda, Kasha raised $1.5 million in seed funding from angel and impact investors. In late 2020, after expansion into Kenya, Kasha secured a $3.6 million Series A from Finnfund, Swedfund, DFC and Mastercard Corporate. Knife Capital led this recent Series B with participation from Finnfund, DFC, Tim Koogle (ex-Yahoo CEO), Beyond Capital Ventures, Altree Capital, Bamboo Capital’s BLOC Smart Africa Fund and Five35 Ventures.
As a female founded and led company, Kasha has overcome significant challenges in Africa’s start-up funding landscape, where less than 2% of funding goes towards female founder CEO-led companies. Nonetheless, Kasha was the first tech start-up with ground logistics operations that started in Rwanda and then expanded into other African countries. It has now raised more venture capital funding than any other start-up in Rwanda.
“We are excited about leading Kasha’s Series B round,” says Keet van Zyl, Knife Capital founding partner. “In the current economic climate it is refreshing to come across such a high-growth capital efficient business that is female-led and optimised to serve the large mass market segment in Africa.”
Co-investors FinnFund, Tim Koogle (founding CEO of Yahoo!), and the U.S. International Development Finance Corporation (DFC) have all reiterated their support for Kasha’s mission and their excitement about the company’s upcoming growth phase.
Kasha sells and delivers pharmaceutical products, household goods and consumer health products discretely to low-income consumers, resellers, pharmacies and health facilities in East Africa.
Kasha provides a broad integrated basket of products that supports health across life stages, from new-born child health, maternal health, menstrual hygiene, family planning, sexual & reproductive health, non-communicable diseases (e.g. hypertension & diabetes), as well as HIV/AIDS prevention & treatment, among others.
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Pope Francis recovery going well but will skip Sunday blessing
Rwanda’s inflation increases by 14.1 percent in May 2023
Kagame meets with delegation of Volkswagen Group Executives
Uganda: President Museveni reports economic growth, eyes infrastructure
Anti-drugs campaign launched in Nyarugenge
President Kagame, Touadera discuss bilateral cooperation
AEE Rwanda to support youth involved in horticulture
ADB-funded project boosts universal access to water in Rwanda
Rwanda leaps forward in journey to build innovation ecosystem
Electric mobility startup Ampersand achieves major milestone with 1,000..
Africa has technology and innovation to achieve zero hunger- Dr. Adesina
Air Tanzania expands cargo services with delivery of Boeing 767 Freighter
DIGP Ujeneza receives delegation from Guinea
Commonwealth Trade Ministers meet to foster cooperation
Gerayo Amahoro awareness in churches
Police Handball Club wins Genocide Memorial Cup
KCB Group increases shares in BPR
President Kagame in Turkey for third term swearing of Tayyip Erdoğan
UAE President awards Medal of Independence to Ambassador Hategeka
RNP takes Gerayo Amahoro campaign in public institutions
How big tech and AI can make early warning systems more effective
Public perspective on Gerayo Amahoro road safety campaign
Rwanda and Latvia undertake to promote economic cooperation
MTN Rwanda launches Y’ello Next Level in Gatsibo District
Kigali: HWPL extends Peace education to APADE during annual commemoration of world..
TIME to Bring the TIME100 Summit in Kigali
CIArb launches Rwanda branch
HWPL Peace Educator Training Program in South Sudan, Rwanda, Burundi
TechAffinity Rwanda to Showcase Services at GITEX Africa 2023
Bank of Kigali first-quarter profit up 14.5 percent to Rwfs17.88 billion
President Kagame Joins World Leaders for President-elect Tinubu’s Swearing-In..
New integrated payment platform to be launched in Africa
Rwanda National Police enhances peacekeeping capacity through UNITAR..
Mobile Money Rwanda Ltd launches MoKash ‘TubiriMo’ campaign in partnership with..
First-ever kidney transplant successfully performed in Rwanda
Ukraine to open embassy in Rwanda
I&M Bank Rwanda posts 12% profit increase in first quarter of 2023
Rwanda takes Major leap towards an air Cargo Hub
Police extends Gerayo Amahoro campaign to community gatherings
Qatar one of the most important partners of Rwanda: Kagame
Bugesera International Airport construction expected to hit 70 percent by end of this..
Police takes road safety campaign in schools
President Kagame attends Qatar Economic Forum
AfDB shares its projects in East Africa region
Fintech firm dLocal receives regulatory licenses to operate in Rwanda and..
Rwandan Catechists on a pilgrimage journey in Uganda
Putting Adolescent and Youth SRHR at front and center in Rwanda
Media plays key role in road safety, DIGP Sano
Rwanda seeks to secure business partnerships with China at 6th CIIE
Rwandan Police peacekeepers recognized in CAR
Miss Innovation 2022 gets support from VAF for her project
Zimbabwe commits to implementing key reforms to resolve debt burden, end 21 years of..
EU-Twinning project Kicks off to strengthen Rwanda FDA in its regulatory..
Rwandan women entrepreneurs showcasing diversity in arts and culture
Rwanda rotates Formed Police Unit in South Sudan
Progress in implementation of agreements aimed at strengthening relationships between..
RwandAir, Qatar Airways launch African Cargo Hub for enhanced services at..
MTN Rwandacell gains strong top line performance in first quarter of..
Rubavu District: Bralirwa Plc donates Rwf 230 million for completion of a TVET..
Rwanda’s tourism revenue up 171 percent in 2022
STOP SIDA: On-going RBC campaign against HIV/AIDS through positive eyes..

RNP starts issuing digitalized Provisional driving license

Africa Press Conference of Shincheonji Church attended by journalists from 55 African..

The disturbing persistence of child defilement and teenager’s pregnacies cases – RIB..

African Water Facility has raised €1.4 billion and funded 117 projects in 52 African..

NYABIHU: Culture and negative masculinities, hindrances to women rights and values in..

Energy: Gasmeth Energy to invest $400m in Kivu methane extraction

RwandAir to Launch Kigali-Paris nonstop Flights
Rwanda using innovation to improve grain quality with support of IFC
Bralirwa Plc reports impressive Rwf22.5 billion profit in year 2022
BRD and Q-Lana partner to digitize Credit Management Process
Macye macye’program makes remarkable impact

Rwanda Well represented at tourism exhibition in Germany
Rwanda’s Cultural Heritage: An interview with Bigirinka G Innocent; an Entrepreneur in..

BPR Bank Rwanda Launches its new brand tag

Vaccination Boosts Efforts to Curb Rift Valley Fever in Rwanda

Rwanda is to Host The Agriculture Business Summit – AGRF 2o22 Summit

Democratic Republic of Congo: revival of livestock farming on several farms in North..

African Development Bank chief visits Dangote oil refinery and petrochemical..

