Digital Barker
  • Home
  • Startups
    • News
    • Opportunities
  • Tech
    • Tech Support
  • Videos
No Result
View All Result
Digital Barker
  • Home
  • Startups
    • News
    • Opportunities
  • Tech
    • Tech Support
  • Videos
No Result
View All Result
Digital Barker

Nigerian E-commerce platform Omnibiz raises 15 million dollars pre-Series A

Precious by Precious
August 22, 2022
0
Nigerian E-commerce platform Omnibiz raises 15 million dollars pre-Series A

Nigerian B2B e-commerce platform Omnibiz has reportedly bagged a 15 million USD pre-Series A investment funding, TechCabal claims.

The raise, which saw participation from top companies such as Venture Platform, Lofty Inc., Musha Ventures, Chandaria Capital and Chapel Hill Denham, was led by Timon Capital and is structured into two branches: a 5 million USD equity and a 10 million USD debt investment deal.

CEO and co-founder of Omnibiz, Deepankar Rustagi, said the fund was raised as a result of constant motivation by investors and is geared at improving the company’s regional expansion plans, which are set to begin this month. Omnibiz has its official base in Lagos but is looking to explore other Nigerian cities, such as Ilorin, Asaba and Akure, where retail growth shows potential.

How to use chatGPT to make money

ADVERTISEMENT

Aside from Nigeria, Omnibiz also has a presence in Ghana and aims at being the primary B2B retail platform in all 12 cities they operate in. The company specialises in providing a unified B2B distribution platform powered by fully integrated digitalisation. It helps retailers with a platform – MyStore app, which enables them to purchase and restock conveniently from over 200 product brands, such as Coca-Cola and Nestle.

With the investment driving its expansion plans, Omnibiz retains its aim to become the primary B2B operating system for informal retailers in these new cities by helping with last-mile delivery, procurement, working capital, inventory management, and operational tools for tracking sales, cost, prices, and profit.

Moreover, the company is unique in comparison to other similar platforms in that it digitises the entire retail network from end to end. This is an innovative way to cater for their lack of logistics fleets as they digitally connect distributors to useful logistic companies.

In a statement released TechCabal, Nikos Katsaounis, a partner at Timon Capital, said concerning the raise, “We invested in Omnibiz because we believe that it is solving a much-needed problem. The FMCG supply chain is fragmented, inefficient, and opaque. Omnibiz tackles all these problems and addresses them with an efficient software layer that provides much-needed data on this otherwise obscure market and supply chain.”

ShareTweetPin

More Stories

AI powered Google Ads
News

Google Introduces AI-Powered Campaign Tools For African Businesses

2 days ago
Platos Health
Startup

Platos Health Secures $1.4Million Pre-Seed Funding to Launch Preventive Health Device in Nigeria.

3 days ago
Source: Paystack
Fintech

CBN Fines Paystack ₦250 Million Over Zap Wallet Licensing Breach

1 week ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

Trending Stories

Flutterwave Expands to Zambia with New Payment Licence

Airtel, MTN Under Investigation for Hidden Mobile Money Charges

Accrue Raises $1.58M to Scale Cross-Border Payments Across Africa

TikTok Faces Ban in the U.S.: What Happened?

Meta Replaces Fact-Checking with Community Notes: Implications for Africa’s Misinformation Battle

New Telecom Tariffs in Nigeria: NCC to Announce Adjustments Amid Rising Costs

AI World Models: The Future of Generative Video, Robotics, and Intelligent Decision-Making

PalmPay Partners with Jumia to Revolutionize Online Shopping Payments in Nigeria.

Choosing a Career in Tech

Meta Faces $220 Million Fine in Nigeria Over Data Privacy Violations

  • About
  • Advertise
  • Privacy Policy
  • Contact
  • Jobs

© 2025 Digital Barker

 
Required 'Candidate' login to applying this job. Click here to logout And try again
 

Login to your account

  • Forgot Password? | Sign Up

Reset Password

  • Already have an account? Login

Enter the username or e-mail you used in your profile. A password reset link will be sent to you by email.

Signup to your Account

Choose your Account Type
  • Candidate I want to discover awesome companies.
  • Employer I want to attract the best talent.
  • By clicking checkbox, you agree to our Terms and Conditions and Privacy Policy

    Already have an account? Login

Close
No Result
View All Result
  • Home
  • Startups
    • News
    • Opportunities
  • Tech
    • Tech Support
  • Videos

© 2025 Digital Barker

 

Answers

 

Account Activation

Before you can login, you must activate your account with the code sent to your email address. If you did not receive this email, please check your junk/spam folder. Click here to resend the activation email. If you entered an incorrect email address, you will need to re-register with the correct email address.