Wednesday, June 7, 2023
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Ecommerce

Powered by People, a Kenyan company, has received $5 million in funding to expand its wholesale eCommerce platform

Tech Gist Africa by Tech Gist Africa
03/24/2022
in Ecommerce, Funding, News - East Africa
0 0
0
People Ecommerce Kenya

People Ecommerce Kenya

0
SHARES
Share on FacebookShare on Twitter

Susa Ventures and Golden Ventures led a $5 million seed round for Powered by People, a Kenyan wholesale e-commerce platform, with participation from Flexport Ventures, J Ventures, and Fabric’s founders.

Powered by People is a mobile-first, distributed manufacturing system that offers online tools, financing solutions, and a B2B marketplace for small and mid-sized businesses in the creative manufacturing and handmade sectors.

The startup was founded in 2019 by Ella Peinovich, Hedvig Alexander, and Alison Phillips.

Over 200 companies and 45,000 craftspeople from 47 countries cooperate with the firm to sell to retailers such as West Elm and The Citizenry in major areas such as North America and Asia.

Powered by People connects small businesses with retailers who value supply-chain transparency, sustainability, and small-batch production — businesses that are likewise motivated by the need for diversity and have promised to help small businesses stay up with the surge of conscious consumers.

By mid-March, the company had achieved an annualized run rate of $15 million in total gross merchandise value, which they intend to increase to $25 million by the end of the year. The platform’s average order value is $1,200.

The new funding will be used to boost transaction volumes by increasing the number of small businesses that utilize its B2B online platform to connect with foreign buyers.

 

Read more on Tech Gist Africa:

Formerly known as Sokowatch, Kenyan e-commerce startup Wasoko has raised $125 million in Series B funding

Hence Technologies, a Rwandan online marketplace for lawyers, has received $1.8 million in funding

d.light, a solar energy startup, has received $7 million in equity funding

ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

KENYA SOUTH KOREA
Digital transformation

Kenya and South Korea sign a memorandum of understanding to facilitate the development of Kenya’s first smart city

by Tech Gist Africa
06/05/2023
0

Kenya's Ministry of ICT and Digital Economy has signed an MoU with the Korea Trade Center Nairobi (KOTRA), marking a...

Read more
PrestaFreedom Morocco

PrestaFreedom, a startup offering home services in Morocco, has secured US$1.1 million in funding

06/05/2023
Meta has unveiled its Quest 3 virtual reality (VR) and mixed reality (MR) headset

Zofi Cash, a fintech startup in Uganda, has received pre-seed funding of $1 million

06/05/2023
Dawi Clinics Egypt

Dawi Clinics in Egypt raises $6.5 million to fund its expansion

06/01/2023
BasiGo Kenya

BasiGo, a Kenyan e-bus company, has launched the country’s first public fast-charging station for electric buses

06/01/2023
Next Post
Apollo Kenya

Apollo, a Kenyan agritech startup, has raised $40 million in Series B funding

Lucky Egypt

Super app for Egyptian financial services Lucky has secured a $25 million Series A round of funding

Tony Elumelu Foundation

The Tony Elumelu Foundation and Google have announced a fellowship program to help African entrepreneurs succeed

No Result
View All Result

The Big 5

African Banker Awards 2023

The winners of the African Banker Awards for 2023 have been announced

by Tech Gist Africa
06/01/2023
0

...

Egypt Entrepreneur Awards 2023

The third annual Egypt Entrepreneur Awards selected 35 finalists

by Tech Gist Africa
06/01/2023
0

...

ygap South Africa’s accelerator 2023

The ygap South African Accelerator program is now accepting applications

by Tech Gist Africa
06/01/2023
0

...

Regulatory Tech Africa

Analyzing the regulatory climate in several African countries from the perspective of the technology sector

by Tech Gist Africa
05/22/2023
0

...

Africa Food Prize

The $100,000 Africa Food Prize is now accepting applications

by Tech Gist Africa
05/18/2023
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.