Follow us on Telegram for the latest Tech news and reviews


News

Kenya-focused social e-commerce startup Elloe Raises an undisclosed 7-figure pre-Seed round

elloe logo

Elloe, a US-based social e-commerce startup focused on Kenya and emerging markets, announced today that they have raised an undisclosed amount in pre-Seed funding.  The new funds will give Elloe sufficient runway to grow its local Kenyan operations and fuel expansion into the Philippine and Southeast Asian markets well into 2023 and beyond.

Investors for the round were led by Philippines’ Mad Ventures, Inc. Co-founded by Owen Sakawa, Abhijay Rao, and Aaron Madolora, Elloe is a first-of-its-kind AI-powered, social commerce platform which allows merchants to buy and sell products online across any messaging platform.

Elloe photo

Elloe’s technology increases sales and profitability of businesses by simplifying operations, logistics, payments, and marketing within a centralized merchant portal.

The subscription service is especially helpful for micro-SMEs who wish to sell their products and services online without having to pay high commissions to non-essential 3rd parties.

“We are very excited and humbled by the opportunity to partner with Mad Ventures, Inc and join its growing livelihood ecosystem as digital ambassadors to local Kenyan entrepreneurs and netizens,” said Elloe, Founder and CEO, Owen Sakawa.


About author

Tech Arena is an independent technology news website that mainly covers social media news, mobile and gadget news and reviews, apps and software among others. The site focuses on tech news from all over the world that directly impact Kenya.
    Related posts
    News

    Twiga Foods launches a new subsidiary focused on modern and commercial farming

    GadgetsNews

    Xiaomi Unveils the Redmi 10 2022 in the Kenyan Market

    GadgetsNews

    LG Launches the 2022 LG Gram Lineup of Premium Laptops

    FeaturesNews

    realme: Affordable premium smartphones will help bridge widening internet coverage gap

    Sign up for our Newsletter and
    stay informed

    Leave a Reply

    Your email address will not be published.