What is Duhqa?
Founded in 2021 and headquartered in Kenya, Duhqa addresses a critical gap in the African retail landscape. The company provides a comprehensive digital solution for informal merchants, enabling them to procure inventory, manage payments, and arrange for convenient delivery. Furthermore, Duhqa extends short-term financing options, thereby enhancing the operational capacity and financial resilience of its merchant partners. This integrated approach positions Duhqa as a key enabler of digital transformation within the informal retail sector.
How much funding has Duhqa raised?
Duhqa has raised a total of $2M across 1 funding round:
Angel/Seed
$2M
Angel/Seed (2022): $2M with participation from Mo Angels, CrossFund, and Roselake Ventures
Key Investors in Duhqa
Mo Angels
Mo Angels is the first syndicated and non-profit angel investment group in Mauritius, dedicated to empowering early-stage startups across Mauritius and Africa. They invest personal funds ranging from USD 20k to USD 200k in emerging geographies, ensuring that companies are investment-ready and supported by experienced mentors.
CrossFund
Undisclosed investor participating in the funding round.
Roselake Ventures
Undisclosed investor participating in the funding round.
What's next for Duhqa?
The recent major strategic investment signals a new phase of growth and expansion for Duhqa. This capital is expected to fuel the company's efforts to scale its operations, enhance its technological infrastructure, and broaden its reach to more merchants across Africa. Duhqa's focus on providing a holistic suite of services, from inventory management to financing, positions it for sustained development and increased market penetration in the burgeoning African retail-tech ecosystem.
See full Duhqa company page
