Led by EQ2 Ventures, the funding round also saw participation from Accion Venture Lab, Musha Ventures, Quona Capital, and existing investor CRE Ventures.
This latest investment follows a $1.5 million seed round raised in 2023.
Founded in 2021 by Ananth Raj Gudipati and Abhinav Reddy, Sukhiba Connect leverages WhatsApp as a primary operating system to provide a conversational commerce and CRM platform for medium and large enterprises.
The platform enables businesses to connect with customers, manage orders, accept payments, and provide customer service all within the popular messaging app.
The new funding will be used to accelerate Sukhiba Connect’s expansion into new markets and enhance its platform’s capabilities.
The startup aims to become the leading CRM and sales force automation tool in emerging markets, competing with other social commerce players like Kapu and MarketForce’s Chpter.
Sukhiba Connect has already experienced significant growth since its initial seed round, with operations in eight markets across Africa and India.
It has partnered with leading manufacturers, distributors, retail chains, and direct-to-consumer brands, serving over 35,000 small and medium-sized enterprises (SMEs).
“This seed extension marks a significant milestone for us,” said Gudipati. “It will enable us to scale our operations and enhance our SaaS platform to better serve our growing customer base.”
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
AfricInvest, a prominent pan-African investment platform, has successfully closed its Transform Health Fund (THF) at $111 million, surpassing its original target.
Waza, a Nigerian fintech startup specializing in B2B payments and liquidity solutions for emerging markets, has raised $8 million in a combination of equity and debt financing.
Sahel Capital has provided a $400,000 working capital loan to MM LEKKER through its Social Enterprise Fund for Agriculture in Africa (SEFAA), aiming to strengthen agricultural trade and smallholder farmer support in Benin.
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