South Africa’s home services Startup Kandua raises pre-Series A funding round
Johannesburg-based home services eCommerce startup Kandua has announced it raised an undisclosed amount in a pre-Series A funding round to help it expand its product offering and grow further. The funding was raised by a group of investors including Knife Capital and Allan Gray E-Squared Ventures (AGEV).
Kandua was founded in 2014 by Arjun Khoosal and Sayo Folawiyo, the platform is designed to assist anyone who needs work done in their home – from small fixes to major renovations – to find a vetted, background-checked professional.
It also helps independent contractors and small businesses find new customers, and also offers them access to training opportunities, by providing them with a suite of easy-to-use tech tools.
Sayo Folawiyo, chief executive officer (CEO) and co-founder of Kandua speaking on the funding expressed delight as the startup will be looking forward to more growth and expansion.
“We have been very deliberate in choosing our investment partners to add value at each stage of our startup growth journey.
“We are delighted to welcome Knife Capital and AGEV as equity investors to the business. We are looking forward to executing the aggressive growth strategy enabled by the funding and will look to bring on even more high-value partners and funders into the story” said Sayo.
The investment will be used to enhance business development efforts, expand Kandua’s product offering and solidify profitable growth channels