Kenyan B2B logistics startup Duhqa has raised $2 million in seed funding to accelerate its expansion plan.
Duhqa was founded in 2021 by Victor Maina, Davis Angwenyi, and Dudu Moilwa to connect African informal merchants retailing Fast-moving consumer goods(FMCG), cold chain and pharmaceuticals. The new round of funding comes seven months after raising US$ 150,000 last year.
Company CEO and co-founder Victor Main is a former DHL Express employee for nearly ten years. His time at the global logistics firm saw lead operations throughout East and South Africa at some point. His knowledge and experience has been instrumental in steering Duhqa to its current position.
“Our goal is to address the gaps in African distribution logistics with the best in logistics, e-commerce, financing and data insights which are needed to build a better, leaner African distribution sector. The significant demand for our solution, an improved way for companies to distribute their goods and services to mass markets in Africa has caught on.” Maina said.
Duhqa also empowers merchants through short-term financing. “We are thrilled to get a boost from returning and new investors at this crucial time. This will enable us to continue making it easier for retailers to trade by connecting them to manufacturers and giving them the resources to be efficient,” Maina added.
The company’s operating model ensures that it’s able to operate with light assets. Currently, Duhqa doesn’t have vehicles or warehouses of its own but works with third-party logistic providers.