About Afrofinity
Afrofinity was a Retail company based in Nairobi (Kenya) founded in 2016 by Laura Chite. Manages an e-commerce store specializing in a wide range of beauty products for customers. It operates on a B2C model. The company is recorded as dissolved. Its focus areas include E-commerce, Beauty and Personal Care and Online Sales. Its legal entity in India is Amf Wellness Tech Private Limited (U74140HR2015PTC057100). Its competitors include BeautyClick, Makeup Overhaul and Face and Figure Beauty Solution; 1 of its 3 listed competitors has raised funding.
Company details
Afrofinity, established in 2016, excels in engaging in retail operations, operating online marketplaces, beauty and personal care, and conducting sales online. Manages an e-commerce store specializing in a wide range of beauty products for customers. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Nairobi, Kenya
- Founders Laura Chite
- SectorsRetail
- Website afrofinity.com
- Social X Facebook
- Legal Name Amf Wellness Tech Private Limited
- Date of Incorporation 27 Oct, 2015
- Jurisdiction Gurgaon, Haryana, India
- Indian entity revenue₹32,020
FY 2020 · +7211% YoY
- Indian entity net loss-₹7.2 Lakh
FY 2020 · -2252% margin
- Indian entity EBITDA-₹7.2 Lakh
FY 2020 · -2240% margin
Associated legal entities of Afrofinity
Afrofinity operates through Amf Wellness Tech Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Amf Wellness Tech Private Limited CIN U74140HR2015PTC057100 | Strike Off | 27 Oct 2015 | Gurgaon, Haryana | ₹0.0 Cr | 2 | View details |
Board of directors of Amf Wellness Tech Private Limited (Afrofinity)
Amf Wellness Tech Private Limited is the primary company behind Afrofinity. The board of Amf Wellness Tech Private Limited currently have 2 directors; the longest-serving is Parminder Kaul, appointed in 2019. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Parminder Kaul DIN 02643568 | Director | 30 Jan 2019 | 7 yrs 8 mo | Amf Wellness Tech Private Limited |
| Veer Jee Kaul DIN 03378280 | Director | 30 Jan 2019 | 7 yrs 8 mo | Amf Wellness Tech Private Limited |
People of Afrofinity
1 people are tracked at Afrofinity (1 in leadership).
| Name | Role | Group |
|---|---|---|
Laura Chite | Founder | Leadership |
Complete people profiles for Afrofinity
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Financials of Afrofinity
Figures of Amf Wellness Tech Private Limited, the primary company behind Afrofinity, for FY 2020. Revenue was ₹32,020 (+7211% year on year). Net loss was -₹7.2 Lakh (-2252% margin). EBITDA was -₹7.2 Lakh (-2240% margin). Revenue has grown at a compounded annual rate of -50% over three years.
- ₹32,020Revenue · FY 2020 · +7211% YoY
- -₹7.2 LakhNet loss · -2252% margin
- -₹7.2 LakhEBITDA · -2240% margin
- ₹2.4 LakhPaid-up capital
- -50%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Amf Wellness Tech Private Limited are on its company page.
Detailed financial statements for Afrofinity
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Competitors of Afrofinity
Afrofinity has 3 listed competitors in our database, 1 of them funded. They include BeautyClick, Makeup Overhaul and Face and Figure Beauty Solution.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| beautyclick.co.ke | 2016 | Nairobi, Kenya | $155,965 | Multi-category beauty and personal care products are retailed online. | ||
| makeupoverhaul.co.ke | 2023 | Nairobi, Kenya | Online retailer offering beauty, skincare, hair care, and fragrance products. | |||
| fnf.co.ke | 2023 | Nairobi, Kenya | Sells beauty products including makeup, skin care, and perfumes online. |
Detailed competitors of Afrofinity
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Related news about Afrofinity
Complete news archive for Afrofinity
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Frequently Asked Questions about Afrofinity
Afrofinity was founded in 2016.
Afrofinity is headquartered in Nairobi, Kenya.
The primary company behind Afrofinity, Amf Wellness Tech Private Limited, reported revenue of ₹32,020 for FY 2020, up 7211% year on year.
Afrofinity, established in 2016, excels in engaging in retail operations, operating online marketplaces, beauty and personal care, and conducting sales online. Manages an e-commerce store specializing in a wide range of beauty products for customers. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Afrofinity's top competitors include BeautyClick, Makeup Overhaul and Face and Figure Beauty Solution.
Afrofinity operates through Amf Wellness Tech Private Limited.
The legal entities of Afrofinity currently have 2 directors, including Parminder Kaul, Veer Jee Kaul.