Vendease Analysis: $3M Raised
What is Vendease?
Vendease is a platform that streamlines procurement for food businesses in Africa, allowing direct orders from farms and manufacturers while automating the food supply chain.
Employees
250
Founded
2019
Revenue
$24.7M
Business Model
Subscription-based model with transaction fees on processed payments.
Investors
- Partech Africa
- TLcom Capital
Product Features & Capabilities
- food supply marketplace, over 8000 items available, free same-day delivery, buy now pay later options, integrated payments, product catalog with over 3000 supplies, reports and analytics for better decision-making, inventory management, staff management, order processing automation.
Pricing
- Standard Plan: $20/month (N30,000) for up to 3 users.
- Additional users can be added for $5/month (N7,500) each.
- Includes one complimentary POS device.
How much Vendease raised
Seed - $3.2 million
October 25, 2021Lead Investor: Global Founders Capital, Hack VC, Soma Capital
Who are the founders of Vendease
Market Focus
Vendease primarily focuses on the food procurement industry, specifically simplifying the supply chain for food businesses in Africa by enabling direct orders from farms and food manufacturers.
Competitors Overview
Vendease operates in the food procurement market in Africa and faces competition from several notable companies. The main competitors include:
- TradeDepot: Founded in 2015, TradeDepot provides software solutions for B2B manufacturers and retailers, focusing on stock redistribution. It has rai
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