Kenya’s Duhqa, a B2B platform for retail distribution of consumer goods in FMCG, Cold Chain and Pharmaceuticals, has raised $2 million in its seed funding round, just seven months after raising $150,000 in pre-seed funding.
Investors who took part in the funding round include CrosssFund, Roselake Ventures, Mo Angels, Techstars, and strategic angels.
With the money from this round of fundraising, Duhqa wants to scale its service offering within Kenya and East Africa, as well as expand its merchant network and provide more digital tools.
Founded in 2021, Duhqa is a B2B retail tech platform that empowers informal African merchants to digitally source and pay for inventory, get delivery conveniently and access short-term financing. This approach maximizes efficiency across the sales and supply distribution chain.