What is Duhqa?
Founded in 2021 and headquartered in Kenya, Duhqa operates as a crucial B2B retail-tech enabler for the African market. The platform provides informal merchants with a digitalized ecosystem to source and pay for inventory, receive convenient delivery services, and access essential short-term financing. This comprehensive approach aims to streamline operations and foster growth within the informal retail sector, a vital component of the African economy.
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 CrossFund, Mo Angels, 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. The organization connects business angels with startups to bridge the funding gap and nurture the entrepreneurial spirit.
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 pivotal growth phase for Duhqa. With substantial backing, the company is poised to expand its operational reach, enhance its technological offerings, and deepen its penetration into the African market. This capital infusion is expected to fuel further innovation in fintech and logistics solutions tailored for the unique needs of informal merchants, solidifying Duhqa's position as a leader in the B2B retail-tech space.
See full Duhqa company page
