About Skygarden
Skygarden is a company based in Nairobi (Kenya) founded in 2015 was acquired by Lipa Later in December 2022.. Skygarden has raised $5.3 million across 3 funding rounds from investors including Lipa Later, Katapult and SANAD Fund. Skygarden operates in a competitive market with competitors including Jumia, Digital Comrade, MyHiba, potafriQ and Jamboshop, among others.
- Headquarter Nairobi, Kenya
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.3 M (USD)
in 3 rounds
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Latest Funding Round
$4 M (USD), Series A
Jun 14, 2021
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Investors
Lipa Later
& 8 more
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Employee Count
Employee Count
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Acquired by
Lipa Later
(Dec 05, 2022)
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Funding Insights of Skygarden
Skygarden has successfully raised a total of $5.3M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in June 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 Series A — $4.0M
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First Round
First Round
(03 Aug 2017)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - Skygarden | Valuation | SANAD , Aavishkaar Capital | |
| Feb, 2018 | Amount | Seed - Skygarden | Valuation | Katapult , Futuristic |
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| Aug, 2017 | Amount | Seed - Skygarden | Valuation |
investors |
| 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 Skygarden
Skygarden has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Lipa Later, Katapult and SANAD Fund. 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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Funding and advisory services are provided to MENA MSMEs.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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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 Skygarden
| 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 - Skygarden
| 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 |
Skygarden Comparisons
Competitors of Skygarden
Skygarden 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 Jumia, Digital Comrade, MyHiba, potafriQ and Jamboshop, 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 |
Multi-category products are offered through an online marketplace platform.
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| domain | founded_year | HQ Location |
Operates an online marketplace for multi-category products.
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| domain | founded_year | HQ Location |
Online platform for buying categories like clothing, electronics, and health products.
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| domain | founded_year | HQ Location |
Multi-category products are offered via an online marketplace platform.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace featuring multi-category products for consumers.
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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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Latest news on Skygarden
Frequently Asked Questions about Skygarden
When was Skygarden founded?
Skygarden was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Skygarden located?
Skygarden is headquartered in Nairobi, Kenya.
Is Skygarden a funded company?
Skygarden is a funded company, having raised a total of $5.3M across 3 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Aug 03, 2017.
What does Skygarden do?
An online marketplace was established in 2015 in Nairobi, Kenya, focusing on e-commerce across various sectors. Products encompassing electronics, fashion, beauty, stationery, home improvement, hardware, baby and kids items, among others, are facilitated through the platform. Operations are supported by a mobile application available on the Android platform, enabling access for users in the region.
Who are the top competitors of Skygarden?
Skygarden's top competitors include Jumia, potafriQ and Digital Comrade.
Who are Skygarden's investors?
Skygarden has 9 investors. Key investors include Lipa Later, Katapult, SANAD Fund, Aavishkaar Capital, and KSK Angel Fund.