What is Duhqa?
Founded in 2021 and headquartered in Kenya, Duhqa operates as a sophisticated B2B retail-tech platform designed to bridge the gap between manufacturers and informal merchants. By providing a digital ecosystem for sourcing inventory, facilitating convenient delivery, and offering access to short-term financing, the company addresses critical inefficiencies in the traditional retail landscape. Its market position is defined by its commitment to digitizing the informal sector, thereby empowering small-scale retailers with the tools necessary to compete in an increasingly digital economy. Through its integrated platform, Duhqa effectively streamlines the procurement process, ensuring that merchants can maintain optimal stock levels while managing their cash flow more efficiently.
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, Roselake Ventures, and CrossFund
Key Investors in Duhqa
Mo Angels
Mo Angels is a syndicated angel investment group based in Mauritius that focuses on empowering early-stage startups across Africa by bridging funding gaps and providing mentorship.
Roselake Ventures
An investment firm focused on supporting high-growth potential startups within emerging markets through strategic capital allocation.
CrossFund
A venture-oriented organization dedicated to providing financial backing and operational support to innovative enterprises in the technology sector.
What's next for Duhqa?
With this major enterprise-level funding, Duhqa is poised to accelerate its expansion strategy and enhance its technological infrastructure. The capital will likely be deployed to deepen market penetration in Kenya and potentially explore new regional territories, further solidifying its footprint in the African retail ecosystem. Future initiatives will likely focus on scaling the merchant financing arm of the business, leveraging data-driven insights to provide more tailored credit solutions. As the company matures, the focus will shift toward optimizing logistics networks and forging deeper partnerships with large-scale manufacturers to ensure a seamless supply chain experience for its growing user base.
See full Duhqa company page
