About Afrocenchix
Afrocenchix is a company based in London (United Kingdom) founded in 2010 by Rachael Twumasi Corson.. Afrocenchix has raised $1.85 million across 3 funding rounds from investors including Google, Impact X and Backed. Afrocenchix operates in a competitive market with competitors including Champo Haircare and Balmonds, among others.
- Headquarter London, United Kingdom
- Founders Rachael Twumasi Corson
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Afrocenchix Ltd
- Date of Incorporation 22 Jul, 2010
- Jurisdiction LEIGHTON BUZZARD, BEDFORDSHIRE
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.85 M (USD)
in 3 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Jul 08, 2021
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Investors
Google
& 5 more
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Employee Count
Employee Count
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Funding Insights of Afrocenchix
Afrocenchix has successfully raised a total of $1.85M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.2 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $1.2M
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First Round
First Round
(21 Jun 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Seed - Afrocenchix | Valuation | Impact X , Backed | |
| Jun, 2021 | Amount | Grant - Afrocenchix | Valuation |
investors |
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| Jun, 2019 | Amount | Seed - Afrocenchix | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Afrocenchix
Afrocenchix has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Google, Impact X and Backed. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital funding and social impact support for diverse entrepreneurs in finance and investments.
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Founded Year | Domain | Location | |
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Venture capital firm providing seed funding and community support to founders
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Founded Year | Domain | Location | |
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Venture capital investments are made in early-stage tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Afrocenchix
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Afrocenchix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Afrocenchix Comparisons
Competitors of Afrocenchix
Afrocenchix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Champo Haircare and Balmonds, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet first brand offering customized organic hair care products
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| domain | founded_year | HQ Location |
Natural skincare products are offered by Balmonds for sensitive skin.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Afrocenchix
When was Afrocenchix founded?
Afrocenchix was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Where is Afrocenchix located?
Afrocenchix is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Afrocenchix a funded company?
Afrocenchix is a funded company, having raised a total of $1.85M across 3 funding rounds to date. The company's 1st funding round was a Seed of $650K, raised on Jun 21, 2019.
What does Afrocenchix do?
Afrocenchix was founded in 2010 in London, United Kingdom, as a private label brand in the hair care sector. Products such as moisturizers, oils, shampoos, and accessories like bonnets are produced using natural ingredients including raw shea butter. Certifications from the Soil Association and Fairtrade labeling organization are held. Items are targeted primarily at women and shipped worldwide.
Who are the top competitors of Afrocenchix?
Afrocenchix's top competitors include Balmonds and Champo Haircare.
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