$150k raised by Ugandan e-logistics startup Ridelink in pre-seed funding round
Ridelink is an e-logistics platform that links SMEs to a network of transportation companies with a single click. It has worked with over 2,000 drivers in East Africa and has serviced over 250 enterprises.
The pre-seed money comes from Omidyar Network, the African Leadership Academy’s Young Entrepreneurs Fund, and Ortus Africa Capital, and will be used to assist Ridelink grow further after getting Seedstars backing last year.
Ridelink now serves SMEs in Kenya, Tanzania, and Uganda, and with its new funding, it hopes to expand its platform and attract additional clients.
“We plan on using the capital raised to build globally competitive and robust technology and accelerate our marketing campaigns,” said Ridelink chief executive officer (CEO) Daniel Mukisa.
Ridelink had proven the potential of young Africans to generate jobs, according to Thokoza Mjo, fund manager of the Young Entrepreneurs Fund.
“The Young Entrepreneurs Fund is designed to incentivise co-investments into graduates of our programmes like Daniel who have chosen to become career entrepreneurs,” Mjo said.
