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Kenya startup Kibanda Topup has closed a $460K pre-seed capital in a round led by JAM Fund alongside participation from Gregory Rockson (CEO mPharma), Cem Garih (Alarko Ventures), Early Berrywood Capital, and other angel investors. The new raise is fixated on expanding its customer base.
Kibanda Topup has described is looking to digitize the supply for micro, small and medium-sized restaurants across Africa. The startup was launched by Njavwa Mutambo and Emilie Blauwhoff back in February 2011 to allow restaurant owners to order inventory such as grains, poultry, beverages, and beef by app through a simple SMS and get the orders the next day.
Reports show that since its launch, Kibanda TopUp has supplied over 130 restaurants across Nairobi. The new $460,000 raised in pre-seed funding will go towards hiring in the supply chain and software engineering departments. Increased manpower will be in line with expected growth projections and the development of new products.
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