???????techcabal Daily - How Omniretail Cracked African E-commerce

10 Days(s) Ago    👁 24
techcabal daily how omniretail cracked african ecommerce

Weve got ?1 million up for grabs.

Weve partnered with Zedcrest Wealth to host the first edition of the Money Titan Tournament at Moonshot 2024. Test your financial literacy by competing in five exciting stages, from Beginner to the Grand Finale, with rewards at every level.

If youre ready to become the Money Titan 2024 and win the cash prize, sign up on the Zedcrest app and join the waitlist. Sign up now .

  • How did OmniRetail crack B2B e-commerce in Africa?
  • Flutterwave names Mitesh Popat as new CFO
  • Funding Tracker
  • The World Wide Web3
  • Opportunities
CompaniesHow did OmniRetail crack B2B e-commerce in Africa?

African B2B e-commerce businesses raised a combined $423 million between 2021 and 2022 because their value proposition worked: they helped informal retailers stock up inventory faster by connecting them to wholesalers.

Fast-moving consumer goods (FMCG) needed to be sold off quickly due to their short shelf life and to accommodate the high demand for these products. But the delivery delay from distributors made this a lingering problem. Retailers were losing money and business was shrinking.