CEO), Miano Njoka (Co-founder & CTO)
Two Kenyan founders seeking to scale their company's operations will be smiling all the way to the bank after they raised Ksh117 million (USD1 million) for their 2-month-old start-up.
In a statement shared on Wednesday, June 15, Jumba co-founders Kagure Wamunyu (who also serves as the Chief Executive Officer) and Miano Njoka (the Chief Technological Officer) noted that the funds were raised in pre-seed funding round.
The start-up will use the funds to build a digital business-to-business platform for the predominantly offline construction sector.
Jumba, which was launched in April 2022, has a vision of rationalising the construction supply chain in Africa, creating efficiencies in the construction materials supply chain.
The efficiencies include connecting manufacturers to hardware stores.
"Hardware store owners who place orders through Jumba’s platform benefit from standardized pricing, product selection and reliable delivery," the statement read in part.
Headquartered in Nairobi, Jumba received its pre-seed funding from VC investors Enza Capital, Seedstars International Ventures, Chandaria Capital, Future Africa, Logos Ventures and First Check Africa, as well as several angel investors who are startup founders and industry experts.
Wamunyu noted that the market has received the team warmly and the company is set to expand its operations to Garissa and Nakuru among other towns.
“The market has been very receptive to us. We are currently available in Nairobi and have begun our expansion to Garissa, Nakuru, Njoro and other urban centers across Kenya.
"We are expanding our work with suppliers to improve the availability of construction materials in Kenya and in East Africa," she stated.
Wamunyu is a civil engineer by profession who worked in various tech companies in Africa including Uber and Kobo360. Njoka, on the other hand, brings in experience from his stint at Google in Silicon Valley where he worked for 7 years.
Peace Osangir leads the firm's finance and risk as Chief Financial Officer (CFO). She has worked as Chief Operating Officer (COO) of Kopo Kopo and was the first financial manager for Kenya’s first mobile lender, Mshwari.
