TopUp Mama, a Kenyan startup that connects African eateries with supplies, banking services, and business management tools, has raised US$1.7 million in venture capital to help it expand.
Ventures Platform and JAM Fund led the seed round, which was also joined by Next Billion Ventures, Future Africa, Jedar Capital, HoaQ Fund, First Check Africa, and DFS Lab.
TopUp Mama is a one-stop-shop for restaurants in Kenya and Nigeria that provides them with all of the essential supplies, short-term finance, and tools to manage their companies
. It was founded in 2021 by Njavwa Mutambo, Emilie Blauwhoff, and Andrew Kibe.
“I grew up in a restaurant in Zambia, and I’ve seen firsthand how tiny companies can change people’s lives.” This is why TopUp Mama’s CEO, Njavwa Mutambo, is passionate about growing restaurant contributions to Africa’s GDP.
“Topup Mama gives restaurant operators access to low-cost ingredients and advanced data analytics so they can serve great meals that keep us nourished and bring us together.” They also assist eateries in expanding their consumer base while enhancing efficiency,” he added.
The company has grown by over 1,000%, signed up over 3,000 restaurants, and expanded into Nigeria since raising its pre-seed round ten months ago.
TopUp Mama plans to use the capital to expand its business, improve its technology, and scale its restaurant sales management capabilities.
Read more on Tech Gist Africa:
Kaltani, a Nigerian clean-tech startup, has raised $4 million to combat plastic waste in Africa
MARA raises $23 million to develop the crypto economy portal for Africa
Mylerz, an Egypt-based e-commerce fulfillment startup, has raised $9.6 million in funding