Congolese logistics provider Noki Noki secures $3 million through seed funding rounds
Noki Noki, a logistics company based in Congo, has secured $3 million in seed funding, according to recent reports. The investment round was spearheaded by Uma Ventures, a venture capital firm known for supporting Early Stage Venture, Late Stage Venture, and Seed Ventures throughout Africa.
Founded in 2021 by Jonathan Yanghat, Noki Noki offers a variety of logistic services. These include Noki Food for meal delivery, Noki Drive for supermarket shopping, and Noki Pay, an integrated payment interface for its delivery services.
The funds raised will be used to expand Noki Noki's operations in its existing six markets and strengthen its footprint in new regions, particularly in the Democratic Republic of Congo (DRC). This move is expected to help the company establish a broader presence in the logistics industry in both Congo and the DRC.
However, the article does not provide any information about the expected growth or impact of these investments on Noki Noki's market share or competition within the logistics industry in these regions.
Additionally, this new injection of funds will also aid Noki Noki in its efforts to expand its services and improve its operations. The company has not disclosed any plans for using the funds beyond expanding operations and strengthening its footprint.
Despite the lack of information about other investors involved in the seed funding round, it is clear that Uma Ventures' support is a significant boost for Noki Noki as it continues to grow and evolve in the competitive logistics industry.
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