Mwingi Kenya Ltd is a startup company with a mission to provide affordable and essential products to rural communities throughout Kenya. Founded in Q3 2019, Mwingi has developed an innovative and scalable franchise model for retail trading in rural Africa. The company aims to create jobs and end poverty in rural areas by empowering local retail entrepreneurs to serve base-of-the-pyramid populations with affordable quality products. The vision of Mwingi is to establish Africa's largest last mile trading network with independent distribution outlets, owned and operated by local entrepreneurs. The business model was successfully tested in Kenya and is now ready to be rolled out to other areas. The last investment of Grant investment at 29 July 2024 was made by Jobtech Innovation Lab. Mwingi operates in the industries of Supply Chain, Sustainability, CRM and Sales. This innovative approach has the potential to create a significant impact on the retail sector in rural Africa, providing opportunities for both communities and investors. With a strong focus on social impact and scalability, Mwingi presents an intriguing opportunity for venture capital looking to invest in sustainable and socially responsible businesses in emerging markets.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | Unknown | 1 | Jobtech Innovation Lab | 29 Jul 2024 |
Seed Round | $850.00K | 1 | Baobab Network | 11 Jan 2022 |
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