Ridelink, an Ugandan e-logistics platform, has just closed a $150k pre-seed investment round to improve its technology and double down on its marketing efforts.
The investment was birthed from the startup’s partnership with Ortus Africa Capital, Omidyar Network and African Leadership Academy’s Young Entrepreneurs Fund(Anzisha).
This round brings Ridelink’s total fund raised to US$250k, having previously received funding from seedstars last year.
Founded in 2017 by Daniel Mukisa, Ridelink operates an e-logistics platform developed to seamlessly connect SMEs to a network of transport operators.
Uganda’s population grew by 6.8% from over 44 million in 2019 to over 47 million in 2021; this population uptrend has also led to the rise of SMEs across the country. Continue reading