The purpose of Wasoko is to improve the food distribution, so fresh produce is harvested and delivered most efficiently, while all parties involved is getting a fair profit. We are doing this by connecting farmers, drivers and retailers to deliver products radically cheaper and fresher. We start our disruption in the least efficient markets, while building the food supply-chain of the future owned by our community.
We enable farmers to sell their products directly to retailers in the cities, increasing revenue for farmers, lowering prices for retailers and tying communities together. Our primary focus is on the farmers living in areas, where the climate for farming is favorable most of the year. We are currently rolling out the concept in Nairobi, Kenya. We are starting with operations centered on tomatoes, since it is a widely grown and consumed product in Kenya and we will test with other products as well shortly.
Our long term vision is to help farmers earn more money from their products, so more people can invest time and money in producing more and better food, reducing the need for long, inefficient and wasteful food supply chains.
Location: Tanzania, Singida, Uganda
Employees: 501-1000
Total raised: $125M
Founded date: 2015
Investors 8
Funding Rounds 1
Date | Series | Amount | Investors |
16.03.2022 | Series B | $125M | - |
Mentions in press and media 23
Date | Title | Description | Source |
27.03.2024 | African B2B e-commerce giant Wasoko marked down to $260M aft... | VNV Global, a Swedish investment firm that backs startups in mobility, health and marketplaces, slas... | techcrunch... |
27.09.2023 | Data snapshot: the largest funding rounds of the decade for ... | Data snapshot is a regular AgFunderNews feature in which we analyze agrifoodtech market investment d... | agfunderne... |
21.09.2023 | Data snapshot: Kenya, Nigeria and Egypt lead the way for agr... | Data snapshot is a regular AgFunderNews feature in which we analyze agrifoodtech market investment d... | agfunderne... |
14.09.2023 | NEW REPORT: African agrifoodtech startups face headwinds as ... | Disclosure: AgFunder is the parent company of AgFunderNews. There’s no denying 2023 has been a gloom... | agfunderne... |
04.09.2023 | Wasoko launches cross-border operations into DRC | Wasoko, a pan-African B2B e-commerce startup, expands its African B2B e-commerce network into DRC, l... | techcabal.... |
01.06.2023 | Quona Capital’s 2022 Impact Report reveals portfolio compani... | Quona’s Africa portfolio companies recorded $4.5 billion in payment transactions processed / transac... | einpresswi... |
19.04.2023 | Digitizing the supply chain drove investment increase in Afr... | Data Snapshot is a regular AFN feature analyzing agrifoodtech market investment data provided by our... | agfunderne... |
20.03.2023 | Next Wave: The hard limits of retail digitalisation in Afric... | --> Lire en Français This essay is a contribution from Chernay Johnson (director of research, DFS... | techcabal.... |
08.11.2022 | Quona Capital, a fintech-focused VC, closes its third fund a... | Companies powering financial services continue to take the leading position in cheque sizes globally... | techcabal.... |
18.10.2022 | 50 African tech founders launch Pando DAO to drive developme... | In recent times, the African tech ecosystem has been on a steady upward trajectory. This year, ventu... | techcabal.... |
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