South African agri-tech startup Khula has raised US$6.8 million as part of its ongoing Series A funding round, backed by key investors including Absa Bank and PepsiCo.
Founded in 2018, Khula has built an integrated digital platform to address challenges within the agricultural supply chain.
Through its app, farmers and buyers access a fresh produce marketplace, an input marketplace, and a funder dashboard that streamlines transactions and payments.
What started as a pilot with 400 farmers has grown into a network of more than 7,000 active users. The platform now hosts over 5,000 products, strengthening its role in connecting stakeholders across the industry.
With this new investment, Khula aims to scale its operations further and will extend the funding round later this year.
The Series A investment includes contributions from Absa Bank, PepsiCo’s Kgodiso Fund, AECI, and E Squared. Absa Group, which plays a significant role in agricultural finance within South Africa, emphasized that this investment aligns with its broader strategy to support digitisation efforts that enhance efficiency and productivity in the sector.
As Khula builds on its progress, the funding will support further expansion, bringing more farmers and agribusinesses into its ecosystem while strengthening the digital infrastructure that connects them.
Don’t miss important articles during the week. Subscribe to techbuild.africa weekly digest for updates
