This infusion of capital is set to propel the startup’s ambitious growth plans and enhance its ability to serve the local market with innovative solutions.
Founded with the vision of revolutionizing supply chain management in the food and beverage industry, OneOrder leverages technology to streamline the procurement process, reduce waste, and improve efficiency. The Series A round was led by a consortium of prominent investors, reflecting strong confidence in the company’s business model and growth potential.
OneOrder’s CEO expressed gratitude for the support from their investors and highlighted the strategic initiatives that the funding will enable. “This investment will allow us to scale our operations, enhance our technology platform, and expand our market reach,” he said. “We are committed to transforming the way businesses in the F&B sector manage their supply chains, ultimately contributing to greater sustainability and profitability.”
In a parallel industry development, Woda, a prominent local telecom infrastructure company, has made headlines by becoming the first local business to supply telecom towers to Safaricom Ethiopia. This milestone is a significant step in enhancing Ethiopia’s telecommunications landscape and improving connectivity across the nation.
Steven Cui, CEO of Woda, emphasized the company’s dedication to maintaining the highest standards of reliability and quality in its services. “Our partnership with Safaricom Ethiopia is a testament to our commitment to excellence,” Cui stated. “We are proud to contribute to the country’s network expansion efforts, which will provide individuals and businesses with access to advanced mobile and digital finance services.”
Safaricom Ethiopia’s network expansion, which includes the investment in new towers announced for April 2024, aims to enhance coverage and capacity. This initiative is expected to significantly boost connectivity, offering improved access to digital services for both urban and rural communities.
The telecom company’s strategic investments are set to fortify its position as a leader in the industry. By enhancing its infrastructure, Safaricom Ethiopia is not only improving its service quality but also fostering digital inclusion and economic growth in the region
The recent achievements of OneOrder and Woda underscore the dynamic nature of the tech and telecom sectors in Africa. OneOrder’s successful Series A financing round marks a pivotal moment for the startup, enabling it to scale and innovate within the F&B supply chain industry. Meanwhile, Woda’s pioneering role in supporting Safaricom Ethiopia’s network expansion highlights the critical importance of local expertise and commitment to quality in driving forward national connectivity initiatives.
Both companies exemplify the entrepreneurial spirit and technological innovation that are driving progress across the continent, promising a future of enhanced efficiency, connectivity, and economic opportunity.
