(Bloomberg) U.S. private equity firms Tiger Global and Avenir Growth Capital led a funding round for Kenyan e-commerce platform Sokowatch at a $625 million valuation, which the firm will use to expand into new markets.
Retail tech start-up Wasoko, formerly known as Sokowatch, will invest at least $20 million (Sh2.29 billion) in Kenya to provide more small shop owners with fast-moving consumer goods.