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 tech startups securing venture capital in Africa in 2023.
Value of funding raised by e-commerce and retail tech startups in Africa from 2015 to 2023
(in million U.S. dollars)
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Disrupt Africa. (January 27, 2024). Value of funding raised by e-commerce and retail tech startups in Africa from 2015 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1279018/funding-raised-by-e-commerce-and-retail-tech-startups-in-africa/
Disrupt Africa. "Value of funding raised by e-commerce and retail tech startups in Africa from 2015 to 2023 (in million U.S. dollars)." Chart. January 27, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1279018/funding-raised-by-e-commerce-and-retail-tech-startups-in-africa/
Disrupt Africa. (2024). Value of funding raised by e-commerce and retail tech startups in Africa from 2015 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1279018/funding-raised-by-e-commerce-and-retail-tech-startups-in-africa/
Disrupt Africa. "Value of Funding Raised by E-commerce and Retail Tech Startups in Africa from 2015 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 27 Jan 2024, https://www.statista.com/statistics/1279018/funding-raised-by-e-commerce-and-retail-tech-startups-in-africa/
Disrupt Africa, Value of funding raised by e-commerce and retail tech startups in Africa from 2015 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1279018/funding-raised-by-e-commerce-and-retail-tech-startups-in-africa/ (last visited December 30, 2024)
Value of funding raised by e-commerce and retail tech startups in Africa from 2015 to 2023 (in million U.S. dollars) [Graph], Disrupt Africa, January 27, 2024. [Online]. Available: https://www.statista.com/statistics/1279018/funding-raised-by-e-commerce-and-retail-tech-startups-in-africa/
