Kasha raises funding from Sanofi impact fund
Kasha, an e-commerce platform for healthcare products, has announced an equity investment.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
Kasha, an e-commerce platform for healthcare products, has announced an equity investment from Sanofi Global Health Unit's Impact Investment Fund.
The investment will support Kasha's expansion into more countries across Africa, increase capabilities in Kasha's technology platform and further grow Kasha's ability to drive access of health products across the continent.
Kasha started in Rwanda and has since expanded its operations to Kenya, Burundi, the Democratic Republic of Congo and South Africa.
Jon Fairest, Sanofi head of the Global Health Unit, says: “We are excited to play a role in Kasha’s scale-up journey as an investor and partner through the Global Health Unit's Impact Investment Fund. Kasha has built a unique physical and tech infrastructure for the last mile, enabling greater access to basic health products even in the most remote areas leveraging adjusted supply chain and a broad network of agents. We recognise the importance of investing in local entrepreneurial businesses that strengthen and support sustainable healthcare delivery models and improve outcomes. Sanofi’s Global Health Unit is dedicated to improving access to sustainable healthcare for vulnerable populations with the highest unmet medical needs.”
Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here