Vendease, a Food Procurement Platform for African Restaurants, Secures $30M in Funding Round

Vendease, a Food Procurement Platform for African Restaurants, Secures $30M in Funding Round

When Vendease debuted in January 2020, its goal was to use a marketplace model that linked suppliers and farmers to restaurants and food enterprises to address the problems and inefficiencies in Nigeria’s highly fragmented food sector, with delivery made possible within 24 hours. But over the following few months, Vendease changed from its middleman role…

YC-backed Nigerian agri-tech startup Vendease closes $3.2m seed round

YC-backed Nigerian agri-tech startup Vendease closes $3.2m seed round

Y Combinator-backed Nigerian agri-tech startup Vendease has raised US$3.2 million in seed funding to expand operations and build out its technology. Founded in January 2020 by Tunde Kara, Olumide Fayankin, Gatumi Aliyu and Wale Oyepeju, Vendease helps to solve food supply chain problems by digitising procurement processes, storage operations and logistics, and offering flexible payment systems to…