Nigerian E-commerce Platform, Omnibiz, Raises $15 Million Pre-series A
Aug 26, 2022 ·
2m 11s
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Description
Omnibiz, a Nigerian B2B e-commerce company, has recently secured a $15 million pre-Series A investment led by Timon Capital. The raise is structured as a $5M equity and $10M debt...
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Omnibiz, a Nigerian B2B e-commerce company, has recently secured a $15 million pre-Series A investment led by Timon Capital.
The raise is structured as a $5M equity and $10M debt investment deal and saw participation from Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital, and Musha Ventures.
Omnibiz provides retailers with a fully integrated digital platform. Retailers can purchase and restock conveniently from over 200 product brands, such as Coca-Cola and Nestle, through the Omnibiz app.
Deepankar Rustagi, CEO and co-founder of Omnibiz, said that this funding came about because existing investors motivated the company to raise a pre-Series A.
show less
The raise is structured as a $5M equity and $10M debt investment deal and saw participation from Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital, and Musha Ventures.
Omnibiz provides retailers with a fully integrated digital platform. Retailers can purchase and restock conveniently from over 200 product brands, such as Coca-Cola and Nestle, through the Omnibiz app.
Deepankar Rustagi, CEO and co-founder of Omnibiz, said that this funding came about because existing investors motivated the company to raise a pre-Series A.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
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