Renda, a three-year-old startup, fills the gap in Nigeria and Kenya by simplifying order fulfillment and retail distribution, securing $1.9 million for expansion and enhancing its services.
Ingressive Capital led the $1.3 million equity portion of the round, with other participants including Techstars Toronto, Founders Factory Africa, Magic Fund, and more, showcasing interest in Renda's innovative approach.
Renda's asset-light model leverages partnerships for storage, deliveries, and payments, akin to companies like Flexport and ShipBob, enabling tailored solutions without the burden of owning physical assets.
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