Learn with WhatsApp APIs, Omnibiz Seed Round, Jumia Group Q2 report • Techpoint Africa
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What we are discussing today:
- Learn with WhatsApp APIs
- Omnibiz Seed Tour
- Jumia’s second quarter report
FoondaMate uses WhatsApp APIs to facilitate learning
More than a year after the coronavirus was declared a pandemic, its effects are still visible around us, from deaths around the world to the innovations it sparked.
FoondaMate, a South African edtech startup that uses a WhatsApp API to help students study, is one such innovation. Drawing on different experiences of educational inequality, co-founders Tao Boyle and Dacod Magagula bonded around their desire to address this issue at the University of Cape Town.
After the coronavirus made it harder for students to go to school and deprived them of education, the co-founders leveraged WhatsApp’s API to provide students with much-needed solutions on a platform they already use.
Victoria Fakiya has more on this story: How South African API edtech startup FoondaMate is helping students study with WhatsApp
Omnibiz Seed Tour
What is the story? Omnibiz, a Nigerian B2B e-commerce startup, announced a $ 3 million funding round. Investors who participated in the round include V&R Africa, Timon Capital, Tangerine Insurance, LoftyInc, Musha Ventures, SUNU Capital, Launch Africa and Rising Tide Africa.
What are they doing? Using a mobile app, WhatsApp and a phone number, Omnibiz is digitizing the retail supply chain by directly connecting retailers with manufacturers of Fast-Moving Consumer Goods (FMCGs).
Founded in 2019, Omnibiz is the brainchild of Deepankar Rustagi, who previously founded VConnect, an online marketplace for local professionals. Omnibiz operates a low-asset business model by working with distributors and logistics providers.
When retailers place an order for a product, third-party logistics drivers pick it up from distributors and deliver it to retailers. In one to discuss with TechCrunchRustagi revealed that his experience at VConnect prepared him for the challenge of running Omnibiz.
The e-commerce value chain in Africa is distorted, without an easy way to efficiently deliver goods and services. However, driven by increasing internet and smartphone penetration, entrepreneurs are starting to do the hard work of digitizing the space.
While most of the focus has been on B2C models, recent events suggest a change. Sokowatch, Twiga, MaxAB and Trade Depot are just a few startups that have started providing solutions for the B2B space.
Read more: Nigerian e-commerce start-up, Omnibiz, gets $ 3 million seed money to expand in West Africa.
Jumia Q2 Report
What happened? E-commerce giant Jumia has released its second quarter results, and there are some interesting points to note.
First, phones and electronics now account for less gross merchandise value (GCV) for the retailer, dropping from 43% in Q2 2020 to 38% in Q2 2021.
Food delivery and digital finance services offered through JumiaPay also saw growth contributing 14% of GMV in Q2 2021, up from 9% in Q2 2020.
The retailer also saw its logistics offering increase, delivering 1.3 million packages to 300 customers compared to half a million packages delivered throughout 2020. They also report that fashion remains the most important category on the platform.
It wasn’t all smooth for the company as it also recorded an adjusted EBITDA loss of $ 41.6 million, up 15% year-over-year, as well as an operating loss of $ 51.6 million.
Emmanuel has more on the story here: Aggressive marketing brings Jumia’s operating losses to $ 51 million in the second quarter of 2021.
In case you missed it
- JumiaPay partners with the National Bank of Egypt to offer payment services to businesses. Read.
What else i’m reading
- What would two of the world’s most famous bitcoin economists think? Read.
- “It’s huge”: Inside the black market for counterfeit COVID vaccine passports. Read.
- If you have a startup idea and would like to get an investor’s perspective, then FirstCheck Africa’s virtual pitch event is the perfect opportunity for you. To pursue this link to register.
- Microsoft is recruiting a senior program manager. Apply here.
- Flutterwave is hiring a social media manager. Apply here.
Have a nice day ahead!
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