Nigeria-based Vendease raised $30 million in Series A co-led by TLcom and Partech

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Nigeria-based food marketplace Vendease raised $30 million in Series A co-led by TLcom and Partech where existing investors VentureSouq, Hustle Fund, Hack VC, GFR Fund, Kube VC, Magic Fund, and Kairos Angels also participated.

Vendease addresses the challenges and inefficiencies in Nigeria’s highly fragmented food sector by employing a marketplace model that connects suppliers and farms to restaurants and food businesses, with deliveries made within 24 hours. Vendease intends to use the funds to expand its operations, consolidate its presence in eight cities across Nigeria and Ghana (the company recently expanded to the latter), enter new markets, and develop new products to improve customer efficiency. Vendease enables African restaurants and food businesses to purchase supplies, obtain financial services, and power their operations.

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Nigeria-based Vendease raised $30 million in Series A co-led by TLcom and Partech

Nigeria-based food marketplace Vendease raised $30 million in Series A co-led by TLcom and Partech where existing investors VentureSouq, Hustle Fund, Hack VC, GFR Fund, Kube VC, Magic Fund, and Kairos Angels also participated.

Vendease addresses the challenges and inefficiencies in Nigeria’s highly fragmented food sector by employing a marketplace model that connects suppliers and farms to restaurants and food businesses, with deliveries made within 24 hours. Vendease intends to use the funds to expand its operations, consolidate its presence in eight cities across Nigeria and Ghana (the company recently expanded to the latter), enter new markets, and develop new products to improve customer efficiency. Vendease enables African restaurants and food businesses to purchase supplies, obtain financial services, and power their operations.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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