In a Series B funding round led by Knife Capital, Rwandan e-commerce business Kasha raised $21 million to change how African women get access to health products. Because of this unique digital retail site, East Africa’s IT scene is changing.
Joanna Bichsel, the founder and CEO of Kasha, has been encouraging African women for seven years to take care of their health and live life to the fullest. They help women get things safely and cheaply, even if they don’t have a smartphone or internet connection. Kasha is a way to bring people together.
This additional cash makes Kasha a tech powerhouse. After expanding into Kenya in 2020, Finnfund, Swedfund, DFC, and Mastercard Corporate led a game-changing $3.6 million Series A financing for Kasha.
This business excites Knife Capital co-founder Keet van Zyl. He appreciates Kasha’s business concept and commitment to women clients in a market where women-led enterprises are routinely disregarded. Since its Series A closed, Kasha’s annual recurring income has surged 50-fold. The company has succeeded in this field.
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Kasha has always had a goal in mind. Bichsel said that they want to grow quickly and become a major force around the world. As they work to improve the health and well-being of women, they may start an IPO.
Read also: Rwanda’s Kasha raises $21 million for African women’s healthcare
Kasha is Pioneering Women-Led startups
Kasha’s success gives African women-led businesses hope in an area where it has been hard for them to get money. The company has shown how women’s businesses can reach their full potential and break stereotypes and glass ceilings. Last year, only 3% of Africa’s $6 billion venture capital market went to companies led by women. Kasha’s growth is a big step towards gender equality in the digital field.
Kasha’s growth is a testament to perseverance, ingenuity, and never giving up on a worthy objective. Because they aim to provide high-quality health products to urban and rural residents, the firm has a dedicated following. Kasha’s business concept has succeeded because consumers demand economic health solutions.
Knife Capital is leading Kasha’s Series B and expanding across Africa. Kasha learns a lot from this. They can develop faster, reach more of Africa, and help millions of women by investing smartly.
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Kasha shows that businesses run by women can do well by getting into Africa’s huge market. Their idea improves people’s lives and shows how tech-driven Africa can be.
Kasha’s path shows the strength of vision, tenacity, and unwavering determination in a world that values the opinions of women. They let people with different ideas into the ICT business in Africa. Kasha will give women in the future more power.