Wednesday, August 17, 2022
Wednesday, August 17, 2022
Home Startups Kenya’s Sokowatch gets Chandaria Industries Investment

Kenya’s Sokowatch gets Chandaria Industries Investment

by Susan Mwenesi
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Mobile-based ordering and delivery network for small shops, Sokowatch has received an unspecified amount of money in investment from the investment arm of Chandaria Industries. The latter is the largest tissue and hygiene products manufacturer in East and Central Africa

Sokowatch works by taking goods from various multinational companies and supplying them to thousands of shops upon request which is usually sent via SMS. These orders are then processed through Sokowatch’s system to notify nearby delivery agents, who then deliver the requested orders to shops within 24 hours.

“Sokowatch has huge potential for scale and is a great strategic fit for Chandaria Industries,” said Chandaria Group CEO Darshan Chandaria

Sokowatch recently expanded its operation to Tanzania, and now plans to speed up that expansion with this investment.

“Chandaria Industries is one of the leading consumer goods companies on the African continent, and their leadership team with local roots is the perfect partner for Sokowatch to work with as we continue to scale across the region,” said Sokowatch chief executive officer (CEO) Daniel Yu.

 

 

 

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