Zambian growing eCommerce firm, Dot Com Zambia, has raised $500,000 in its first round of funding from investors including Kulula Capital, eVentures Africa Fund.
The investment, structured as a combination of debt and equity, will enable Dot Com Zambia to grow its existing e-commerce business and roll out its proprietary digital bus ticketing system across Zambia and, with Kukula’s and eVA’s network, begin further piloting across the Southern African region.
Dot Com Zambia is an e-commerce company with two subsidiaries: Import Zambia and Book Now Zambia. Import Zambia is an e-commerce platform that allows Zambian customers to shop from local and international retailers. Book Now Zambia, which includes the Bus Tickets Zambia brand, is a technology platform that allows customers to reserve, pay and receive bus tickets electronically.
According to Mawano Kambeu, founder and CEO of Dot Com Zambia, “This is the ultimate dream come true for any young entrepreneur, With eVA and Kukula on board, Dot Com Zambia has the expertise and financial muscle that will allow us to enhance our operations and grow faster to create value for our clients and the Zambian economy”
Nyboe Andersen, MD of Kukula Capital further adds that “Dot Com Zambia is a clear strengthening of Kukula’s portfolio. What excites me about the transaction is that we are investing in a company that has the potential to scale rapidly on the basis of leading technology”
