Kasha, a Rwandan e-commerce platform that women provides healthy and self-care products has annouced it has extended it Series A round by US$1 million from the Swedish development finance institution Swedfund.
The startup raised US$2 million from Finnfund and the United States International Development Finance Corporation last year. This current invest brings the total Series A round to US$3 million.
The startup expanded to Kenya last year and will invest the fresh capital in strategies to widen its footprint in Kenya and Rwanda to serve as a springboard to expand in other Africa countries.
Launched in July 2016, Kasha sells an array of products health focused products ranging from menstrual care products, contraceptives, pharmaceuticals and also beauty products with delivery option. The startup does not limit orders to its website platform and mobile app but also customers can make an order through a phone call or a SMS shortcode.
“Kasha is thrilled to be able to partner with Swedfund, a purpose-driven investor with extensive experience investing in developing markets. We feel strong alignment with Swedfund in scaling Kasha to one day serve millions of women in Africa and beyond, ensuring that all women have the health and personal care products they need to live their best lives,” said Joanna Bichsel, Kasha’s founder and chief executive officer (CEO).
“Our investment aims to strengthen SRHR – the right to decide over one’s own body, sexuality and reproduction is fundamental for the work with human rights, and against discrimination,” said Maria Håkansson, CEO of Swedfund.
“Kasha is a women-founded and women-led tech company that strives to make it easier for women, especially low-income women, to access genuine products and information for their health and personal care.” She added.