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B2B e-commerce platform Chari is acquiring the credit line of Axa Assurance in Morocco for $22M

TechCrunch

Chari digitizes the largely fragmented FMCG sector in parts of French-speaking Africa, particularly Morocco and Tunisia. The Khatabook-esque platform provides credit and bookkeeping services to about 50,000 merchants. In Morocco, 70% of the population are either unbanked, underbanked or unable to prove recurring income.

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MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M

TechCrunch

Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. For MaxAB, that’s its sweet spot.

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Jumia quit food delivery because of deep-pocketed ‘aggressive’ rivals, CEO says

TechCrunch

Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food.

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Chari, a Moroccan startup digitizing mom and pop stores, raises $5M at $70M valuation

TechCrunch

Today, a new activity takes us to Morocco, where YC-backed company Chari just raised a $5 million seed round at a valuation of $70million. Rocket Internet, Global Founders Capital and P1 Ventures co-led the round, which is the largest of its kind in Morocco at the moment. Image Credits: Chari.

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Egyptian q-commerce platform Appetito bags Lamma for over $10M

TechCrunch

Appetito , the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma , an identical startup with operations in the Maghreb regions of Tunisia and Morocco. . The deal is expected to close by the end of Q3 2022.

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Jumia discontinues food delivery across seven markets, shifts focus to expanding physical goods business

TechCrunch

Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food.

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MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

TechCrunch

Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent , to the tune of $40 million. Store owners can use the platform to purchase goods, request delivery or logistics to move the goods, and access a customer support team.

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