About Wasoko
Wasoko is a company based in Nairobi (Kenya) founded in 2013 by Daniel Yu and Josh Raine.. Wasoko has raised $151.91 million across 13 funding rounds from investors including The University of Chicago, Quona and Amplo. The company has 34 employees as of March 29, 2024. Wasoko operates in a competitive market with competitors including Twiga Foods, Kyosk, iVend Retail, OneStock and PBP, among others.
- Headquarter Nairobi, Kenya
- Employees 34 as on 29 Mar, 2024
- Founders Daniel Yu, Josh Raine
- Stage Minicorn
-
Sectors
RetailTechnology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Sokowatch Private Limited
- Date of Incorporation 20 Jan, 2021
- Jurisdiction Bangalore South, Karnataka, India
-
Annual Revenue
$2.88 M (USD)128.4as on Mar 31, 2023
-
Net Profit
$283.44 K (USD)139.07as on Mar 31, 2023
-
EBITDA
$409.22 K (USD)135.43as on Mar 31, 2023
-
Total Equity Funding
$151.91 M (USD)
in 13 rounds
-
Latest Funding Round
$125 M (USD), Series B
Mar 16, 2022
-
Investors
The University of Chicago
& 19 more
-
Employee Count
34
as on Mar 29, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Wasoko
Wasoko has successfully raised a total of $151.91M across 13 strategic funding rounds. The most recent funding activity was a Series B round of $125 million completed in March 2022. 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 13
- Last Round Series B — $125.0M
-
First Round
First Round
(01 Feb 2015)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series B - Wasoko | Valuation | Tiger Global Management , Avenir Growth Capital | |
| Feb, 2020 | Amount | Series A - Wasoko | Valuation | Quona | |
| Feb, 2019 | Amount | Seed - Wasoko | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wasoko
Wasoko has secured backing from 20 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include The University of Chicago, Quona and Amplo. 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 |
|---|---|---|---|---|
|
Venture and private equity investments are managed with global diversification.
|
Founded Year | Domain | Location | |
|
Growth equity investments are made by the private equity firm.
|
Founded Year | Domain | Location | |
|
Early-stage investments in technology companies are targeted by 4DX Ventures.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Wasoko
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Wasoko
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wasoko Comparisons
Competitors of Wasoko
Wasoko 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 Twiga Foods, Kyosk, iVend Retail, OneStock and PBP, 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 |
Farm products are distributed via an online marketplace to vendors.
|
|
| domain | founded_year | HQ Location |
Digital kiosks are supplied for informal product distribution networks.
|
|
| domain | founded_year | HQ Location |
Cloud-based retail management software is provided for offline stores.
|
|
| domain | founded_year | HQ Location |
Cloud-based tools for omnichannel retail management are offered.
|
|
| domain | founded_year | HQ Location |
Multi-category products are traded via an online B2B marketplace.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Wasoko
Frequently Asked Questions about Wasoko
When was Wasoko founded?
Wasoko was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Wasoko located?
Wasoko is headquartered in Nairobi, Kenya.
Who is the current CEO of Wasoko?
Daniel Yu is the current CEO of Wasoko. They have also founded this company.
Is Wasoko a funded company?
Wasoko is a funded company, having raised a total of $151.91M across 13 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Feb 01, 2015.
How many employees does Wasoko have?
As of Mar 29, 2024, the latest employee count at Wasoko is 34.
What is the annual revenue of Wasoko?
Annual revenue of Wasoko is $2.88M as on Mar 31, 2023.
What does Wasoko do?
Wasoko was founded in 2013 and is headquartered in Nairobi, Kenya. An online B2B marketplace is operated, enabling retailers to order fast-moving consumer goods such as baking powders, pulses, oil, and flour. The platform supports enterprise-level procurement of groceries. A mobile application is provided for Android users to facilitate these transactions in the e-commerce sector.
Who are the top competitors of Wasoko?
Wasoko's top competitors include Twiga Foods, Linx and OneStock.
Who are Wasoko's investors?
Wasoko has 20 investors. Key investors include The University of Chicago, Quona, Amplo, VNV Global, and Tiger Global.
What is Wasoko's valuation?
The valuation of Wasoko is $625M as of Mar 2022.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.