Funding raised by e-commerce and retail tech startups in Africa 2015-2023
tech startups securing venture capital in Africa in 2023.
E-commerce and retail tech startups in Africa raised 118.4 million U.S. dollars in funding as of 2023, down from roughly 557 million U.S. dollars in the previous year. The source attributed the strong drop to well-funded start-ups not having repeated the raising. Overall, e-commerce and retail-tech startups accounted for 11.3 percent of the total number of