Wasoko-Maxab E-Commerce Merger Faces Delays Amid Headwinds in Africa
Last December, Nairobi’s Wasoko and Cairo-based rival MaxAB — two B2B e-commerce startups that enable retailers to order fast-moving consumer goods (FMCG) from suppliers via their respective apps — announced a planned “merger of equals.” The aim was clear: create better economies of scale in a sector that holds a lot of promise in the region, but has faced significant challenges in the wake of the COVID-19 pandemic.
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Source: TechCrunch (link opens in a new window)
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