Tech Company Financing Transactions
Omnibiz Funding Round
Omnibiz, operating out of Adekunle, Lagos, scored $15 million in investment from Timon Capital, Chandaria Capital and Chapel Hill Denham.
Transaction Overview
Company Name
Announced On
8/19/2022
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$15,000,000
Round
Series A
Investors
Timon Capital (Lead Investor) (Nikos Katsaounis)
Proceeds Purpose
it will use the funding to double down on winning the loyalty of retail customers and driving their retention. The company also plans to begin its regional expansion this month into cities it cited during its seed raise last year: Abidjan, Takoradi, Kumasi and Accra.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
203 Herbert Macaulay Way
Adekunle, Lagos, 100001
Nigeria
Adekunle, Lagos, 100001
Nigeria
Phone
Website
Email Address
Overview
Omnibiz improves the distribution process from manufacturer's factory to the retailers shelve by creating a technology driven FMCG platform.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Deepankar Rustagi
Chief Technical Officer
Priya Melwani
Co-Founder
Anand Leo
Co-Founder
Manu Madhusudanan
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