fbpx
Founder Institute Lagos Founder Institute Lagos Founder Institute Lagos
  • Home
  • About
  • Partners
  • Advertise
  • Contact
  • Signup to receive updates
Innovation | Startups | Funding | Tech Blog in Africa
Advertisement
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
Innovation | Startups | Funding | Tech Blog in Africa
No Result
View All Result
Home Funding

Ridelink partners Anzisha & others, secures $150k Pre-seed Funding

by Alice Eze
2021/08/31
in Funding
Ridelink - techbuild

Credits: ceo.co.ug

Share on FacebookShare on Twitter

Ugandan e-logistics startup, Ridelink, has partnered with Omidyar Network, African Leadership Academy’s Young Entrepreneurs Fund (Anzisha) and Ortus Africa Capital, while it raised pre-seed funding of US$150,000 to scale its operations.

The pre-seed funding which Ridelink has raised brings its total investment to US$250,000, having drawn private investments from Seedstars last year.

Ridelink services a market in the urban, suburban and rural Kenya, Tanzania and Uganda, and is on a mission to reduce the cost of transportation for SMEs by using technology to connect businesses to truck drivers thereby facilitating increased revenue earning, improved mobility performance and efficiency, and the smooth running of business operations.

Speaking on the move, the Chief Executive Officer of Ridellink, Daniel Mukisa, said, “We plan on using the capital raised to build globally competitive and robust technology and accelerate our marketing campaigns.”

RelatedPosts

Apply for SHRMLabs’ BWCC Startup Track Competition ($50K)

15 Nigerian SMBs graduate from Google Hustle Academy 2023, Receive ₦75 Million in Funding

Apply for SBN’s NutriPitch 2023 Business Model Competition (₦10M)

inDrive launches $100M Venture and M&A Arm for Startups Challenging Injustice

On the partnership, fund manager for The Young Entrepreneurs Fund, Thokoza Mjo, said, “The Young Entrepreneurs Fund is designed to incentivise co-investments into graduates of our programs like Daniel who have chosen to become career entrepreneurs.”

According to Thokoza Ridelink has demonstrated the prowess of young Africans to create jobs while compelling business case for reasons to continue investing in the young African generation.

Kenneth Legesi, CEO/CIO, Ortus Africa Capital, had this to say on the partnership “At Ortus Africa Capital we are glad to add Ridelink to our story of creating impact through the provision of much needed capital to entrepreneurs growing Africa’s economies.”

Kenneth further explained that through co-investing with the Young Entrepreneurs Fund, Ortus Africa Capital hopes to support the entrepreneurs grow while also giving confidence to other willing investors in Africa.

Ridelink is an e-logistics platform that was founded in 2017 with the aim of connecting SMEs to a network of transport operators at the click of a button.

It has served over 250 Small and Medium scale Enterprises with over 2,000 drivers delivering Cargo throughout East Africa.


Don’t miss important articles during the week. Subscribe to techbuild weekly digest for updates.

Join @techbuildafrica on Telegram
ShareTweetShareSendShare

Subscribe us

Recent Posts

  • YouTube launches ‘The Voices of Africa’ to celebrate Africa’s diverse Cultural Heritage
  • ISN Hubs Welcomes Oge Nnaife as New Executive Director
  • Grey unveils New Brand Identity to drive its Global Expansion
  • NCC Boss tasks Nokia to invest in Nigeria’s ICT R&D
  • Deimos Announces IaaS Platform to transform Business Operations in Africa
  • Innovation Support Network (ISN) Hubs Announces New Chairman, Board Members
  • Seun Dania Lauds Efforts of Nigeria’s Police Force, Reiterates Support for Patricia Technologies
  • Apply for SHRMLabs’ BWCC Startup Track Competition ($50K)
  • Anambra Govt Initiates CBT Tests to Recruit 3000 Teachers
  • Charting the Course of AI in Nigeria’s Business Terrain
Innovation | Startups | Funding | Tech Blog in Africa

© 2013-2021 techbuild.africa. All Rights Reserved.

Navigate Site

  • About
  • Contact
  • WE-Forum
  • Privacy
  • Sitemap
  • Terms
  • Blockchain
  • CleanTech

Follow Us

No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain

© 2013-2021 techbuild.africa. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In