Kenya-based Kapu raised $8 million in its SEED round co-led by Giant Ventures and Firstminute Capital where Founder Collective, Base Capital, Norrsken (Klarna co-founder Niklas Adalberth’s fund), Raven One, and angel investors also participated.
Kapu is developing a business-to-consumer e-commerce service that allows customers to buy groceries at lower prices through both online and offline channels. Kapu intends to use the new funds to fully penetrate Kenya’s capital before expanding into new markets. Kapu claims that by sourcing directly from manufacturers and producers, it enables group bulk-buying of groceries and helps consumers save money on fresh produce and packaged consumer goods.
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.
Kenya-based Kapu raised $8 million in its SEED round co-led by Giant Ventures and Firstminute Capital where Founder Collective, Base Capital, Norrsken (Klarna co-founder Niklas Adalberth’s fund), Raven One, and angel investors also participated.
Kapu is developing a business-to-consumer e-commerce service that allows customers to buy groceries at lower prices through both online and offline channels. Kapu intends to use the new funds to fully penetrate Kenya’s capital before expanding into new markets. Kapu claims that by sourcing directly from manufacturers and producers, it enables group bulk-buying of groceries and helps consumers save money on fresh produce and packaged consumer goods.
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.
