Retail Startups in Africa

Step into the thriving world of Retail startups in Africa, where innovators are rewriting the rules and redefining what's possible. Our carefully curated list is your passport to explore the trailblazers who are shaping this dynamic sector. Discover their bold solutions, game-changing products, and out-of-the-box thinking as they forge new paths in Retail.

Cummulative Funding

$2.8B+

Total # of Companies

114

Total Deal Count

274

Total M&A Count

9

Total # of Investors

471

List of Retail startups in Africa

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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StartupOverviewLast roundTotal raisedFounded
1.

Jumia Group is an e-commerce ecosystem that provides innovative, convenient, and affordable online goods and services to consumers.

Corporate

$ 805,345,200

2012

2.

Steinhoff is an integrated retailer that manufactures, sources, and retails furniture and household goods in Europe, Africa and Australia.

Post-IPO Equity

$ 654,044,994

1964

3.

Pepkor is a South African based investment holding company with retail interests in Africa, Australia and Eastern Europe.

Debt Financing

$ 238,698,166

1965

4.

Takealot.com’s mission is to be the most customer-centric online shopping destination in Africa.

Venture

$ 211,962,955

2010

5.

Twiga Foods is a business-to-business marketplace platform that sources produce directly from farmers and delivers it to urban retailers.

Series C

$ 145,650,000

2013

6.

Wasoko (formerly Sokowatch) is transforming communities across Africa by revolutionizing access to essential goods and services.

Series B

$ 143,600,000

2013

7.

Zambeef Products PLC is a production, processing, distribution and retailing of beef, chicken, pork, milk, etc.

Post-IPO Equity

$ 65,000,000

1994

8.

Opontia is the next-generation consumer holding group in the Middle East & Africa.

Series A

$ 62,000,000

2021

9.

Yellow is the leading distributor of pay-as-you-go solar home systems in Malawi.

Series B

$ 55,025,000

2018

10.

A South Africa-based independent food retail group

Venture

$ 54,000,000

1993

11.

MarketForce is an end-to-end solution to manage your field sales activities and grow your distribution channels.

Series A

$ 42,600,000

2017

12.

Kobo360, is a privately owned, pan-african technology company disrupting and leading African third-party logistics industry.

Series A

$ 37,320,000

2017

13.

B.TECH is Egypt’s household appliances and consumer electronics retailer.

Private Equity

$ 34,000,000

1997

14.

Kasha empowers all women to confidentially and affordably purchase the products they need to live their best lives

Series B

$ 28,000,000

2016

15.

Zeepay is Ghanian FinTech startup which focuses on digital rails intended to connect digital assets.

Series A

$ 19,040,000

2014

16.

SweepSouth is a cleaning service company that connects clients to on-demand domestic cleaners via an online booking platform.

Series B

$ 17,650,000

2014

17.

Alerzo is a B2B e-commerce retail startup based in Ibadan, Nigeria.

Series A

$ 16,025,000

2019

18.

iProcure is the largest agricultural supply chain platform in rural Africa.

Grant

$ 15,095,000

2013

19.

Overberg Agri is a trusted and established player in the key agricultural regions of the Western, Eastern and Northern Cape.

Private Equity

$ 11,954,646

1997

20.

Rabbit is an Egypt-based startup which aims at disrupting the eCommerce niche

Pre-seed

$ 11,000,000

2021

Jumia

Founded

2012

Overview

Jumia Group is an e-commerce ecosystem that provides innovative, convenient, and affordable online goods and services to consumers.

Last round

Corporate

Total raised

$ 805,345,200

Employee

1001-5000

Founded

1964

Overview

Steinhoff is an integrated retailer that manufactures, sources, and retails furniture and household goods in Europe, Africa and Australia.

Last round

Post-IPO Equity

Total raised

$ 654,044,994

Employee

10001+

Pepkor

Founded

1965

Overview

Pepkor is a South African based investment holding company with retail interests in Africa, Australia and Eastern Europe.

Last round

Debt Financing

Total raised

$ 238,698,166

Employee

10001+

Takealot

Founded

2010

Overview

Takealot.com’s mission is to be the most customer-centric online shopping destination in Africa.

Last round

Venture

Total raised

$ 211,962,955

Employee

10001-5000

Founded

2013

Overview

Twiga Foods is a business-to-business marketplace platform that sources produce directly from farmers and delivers it to urban retailers.

Last round

Series C

Total raised

$ 145,650,000

Employee

51-200

Sokowatch

Founded

2013

Overview

Wasoko (formerly Sokowatch) is transforming communities across Africa by revolutionizing access to essential goods and services.

Last round

Series B

Total raised

$ 143,600,000

Employee

51-100

Founded

1994

Overview

Zambeef Products PLC is a production, processing, distribution and retailing of beef, chicken, pork, milk, etc.

Last round

Post-IPO Equity

Total raised

$ 65,000,000

Employee

5001-10000

Opontia

Founded

2021

Overview

Opontia is the next-generation consumer holding group in the Middle East & Africa.

Last round

Series A

Total raised

$ 62,000,000

Employee

2-10

Founded

2018

Overview

Yellow is the leading distributor of pay-as-you-go solar home systems in Malawi.

Last round

Series B

Total raised

$ 55,025,000

Employee

11–50

Founded

1993

Overview

A South Africa-based independent food retail group

Last round

Venture

Total raised

$ 54,000,000

Employee

251-500

Founded

2017

Overview

MarketForce is an end-to-end solution to manage your field sales activities and grow your distribution channels.

Last round

Series A

Total raised

$ 42,600,000

Employee

11-50

Kobo360

Founded

2017

Overview

Kobo360, is a privately owned, pan-african technology company disrupting and leading African third-party logistics industry.

Last round

Series A

Total raised

$ 37,320,000

Employee

101-250

B.TECH

Founded

1997

Overview

B.TECH is Egypt’s household appliances and consumer electronics retailer.

Last round

Private Equity

Total raised

$ 34,000,000

Employee

1001-5000

Kasha

Founded

2016

Overview

Kasha empowers all women to confidentially and affordably purchase the products they need to live their best lives

Last round

Series B

Total raised

$ 28,000,000

Employee

51-100

Zeepay

Founded

2014

Overview

Zeepay is Ghanian FinTech startup which focuses on digital rails intended to connect digital assets.

Last round

Series A

Total raised

$ 19,040,000

Employee

11-50

Founded

2014

Overview

SweepSouth is a cleaning service company that connects clients to on-demand domestic cleaners via an online booking platform.

Last round

Series B

Total raised

$ 17,650,000

Employee

51-200

Alerzo

Founded

2019

Overview

Alerzo is a B2B e-commerce retail startup based in Ibadan, Nigeria.

Last round

Series A

Total raised

$ 16,025,000

Employee

501-1,000

iProcure

Founded

2013

Overview

iProcure is the largest agricultural supply chain platform in rural Africa.

Last round

Grant

Total raised

$ 15,095,000

Employee

51-200

Founded

1997

Overview

Overberg Agri is a trusted and established player in the key agricultural regions of the Western, Eastern and Northern Cape.

Last round

Private Equity

Total raised

$ 11,954,646

Employee

101-250

Rabbit

Founded

2021

Overview

Rabbit is an Egypt-based startup which aims at disrupting the eCommerce niche

Last round

Pre-seed

Total raised

$ 11,000,000

Employee

51-200

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