Bwala is seeking series A funding for commercial growth after closing a deal with tech investors from Europe & getting selected for the Bosch – Founders Factory Africa Smart Mobility Challenge.
Bwala Africa, a last-mile logistics company is officially opening its series A round to investors. This is after securing a deal with a leading tech firm based in Europe – the technology company will assist in development and deployment of various tech platforms (shipping Apps and mobile web ) to enable the company scale its Apps capacity.
Bwala has been using an in house App for its last-mile activity, however, this has limited their ability to scale their operations.
“We have made over 100,000 + last mile order fulfilments and with our new Apps which should go live by January 2020, we will be able to reach areas and regions without necessary having a brick and mortar office , this means , once published , you can be a Bwala shipping agent, by collecting orders for fulfilments or being a full-time delivery agent who gets orders on a daily basis for last-mile deliveries,” says Kennedy Nyabwala, Founder and CEO Bwala Africa.
Bwala currently does 700 to 850 shipments on a daily basis with its clients ranging from e-commerce companies, manufacturers and retailers; “with our new tech investment, we will be able to sustain over 10,000 + transactions at any given time without having any challenges/downtime.” he added.
According to Kennedy Nyabwala, the tech investment will definitely have an impact on their commercial growth and automatically doubling their market valuation.
In June this year, Bwala was unanimously voted as the startup at the Finnovation awards held in Nairobi. The logistics company has also been selected for this year’s Bosch – Founders factory smart mobility accelerator program that will be held on the 5th of November 2019 in Johannesburg.
“Bwala is currently sourcing funds to expand operations and hire top talented individuals from all over the world to work with us; our main focus is to make 6000 to 8000 drops per day and have over 2000 agents in Kenya to assist in the placement of orders and recruitment of new last-mile partners, we are currently in talks with various VC / PE firms.”