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Nigerias B2B Ecommerce platform Omnibiz Africa Secures $3M Seed Funding


nigerias b2b ecommerce platform omnibiz africa secures 3m seed funding

Omnibiz Africa the B2B Ecommerce platform headquartered in Lagos, Nigeria raised $3 million in a seed round led byV R Africa, Timon Capital and Tangerine Insurance. The round that took Omnibizs total raise to $4 million also included the participation of leading African investors including Lofty Inc, Musha Ventures,

Sunu Capital, Launch Africa, Ventures Platform and Rising Tide Africa. In addition to this the company also received funding from Seedstars and will be participating in the Seedstars Growth Program.

Founded inJune 2019by Deepankar Rustagi, the B2B FMCG E-commerce companyhascontinued to grow by digitizing the retailspace inAfrica.Retailers can stock their shops using the companys mobile app, WhatsAppchannelor adedicated carenumberat their convenienceand have goods delivered to their doorstepat zero delivery costs.

Omnibiz Africa has had a steep growth 25% month on month over the last year, Rastagi comments Omnibiz Africa has grown at a commendable rate since inception. We have strengthened our relationship with Manufacturers and distributors of FMCGs to provide ease and convenience for retailers. Our execution and tech- enabled solution sets us apart from similar companies within the sector.

The funding will be used to expand Omnibiz Africa over the coming months in ten West African cities including Lagos, Ibadan, Abuja, Kano, Port Harcourt, Abidjan, Takoradi, Kumasi and Accra. Other than expansion, investment will be made in new tech product to enhance the value for the retailers. They will work with partners to increase the working capital availability for the retailers as well as digital tools to manage their business more efficiently
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