Namibia's B2B e-commerce retail platform JABU secures $15 million in funding

Namibia's B2B e-commerce retail platform JABU secures $15 million in funding
Photo by Claudio Schwarz / Unsplash

JABU, a Namibia-based e-commerce retail platform has secured $15 million in its Series A funding round led by Tiger Global.

  • JABU offers app-based services for merchants to order consumer goods and expect same-day delivery through its efficient distribution channel.
  • The e-commerce company also provides sales metrics and agent performances for FMCGs brands on its app.
  • With operations in Namibia, South Africa, and Zambia, JABU currently has over 6,000 merchants on its platforms with a 50% increase record, it claims.
  • Box Group, Knollwood and D Global Ventures participated in the funding round.