Zambian Construction E-Commerce Startup Bosso Secures $400K Pre-Seed Funding to Revolutionize Housing Sector 🇿🇲
Zambian Construction E-Commerce Startup Bosso Raises $400K Pre-Seed Funding
Bosso, a groundbreaking Zambian startup, has raised $400,000 in pre-seed funding to advance its e-commerce platform dedicated to the African construction sector. Founded in 2022 by Chisepo Chirwa, Mukopaje Singogo, Ibn Kafwanka, and Salwa Shamapande, Bosso is Zambia's largest online construction material marketplace, serving both B2B and B2C customers.
Key Highlights:
- Wide Reach: Over 1,000 hardware stores onboarded and materials delivered to 200 homebuilders across four Zambian provinces.
- Innovative Solutions: Plans to integrate AI technology to reduce sector inefficiencies.
- New Services: Upcoming platform features include land conveyance, financing, "save now pay later" options, and access to construction companies.
- Ambitious Goals: Bosso aims to source materials for over 5,000 homes by 2025 and expand its mission across Southern Africa.
Impact and Vision:
- Addressing Housing Deficit: Tackling Africa's 60 million housing shortage by making quality building materials accessible and affordable.
- AI Integration: Utilizing two years of data to enhance their platform with AI, optimizing supply chain and service delivery.
Bosso’s recent funding was secured from Leonard by Vinci, Launch Africa Ventures, Renew Capital, Change-Com, and various angel investors. This financial boost will help Bosso expand its operations and develop new products to better serve the construction industry.
Chisepo Chirwa, CEO of Bosso, shared, "The housing crisis is real, and Africa needs a Bosso tackling this issue because everyone deserves decent and affordable housing. We want to bring our mission to the entire continent, starting with Southern Africa, as well as launch a new AI building materials assistant to accelerate our solution."
What's Next?:
- Seed Round in August: Bosso is preparing to open its seed round to further support its growth and mission.
Bosso’s innovative approach and expansion plans position it as a key player in transforming the African construction landscape. Stay tuned for their upcoming advancements and impact on the housing sector!
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