Ghana’s premier online shop, Ahonya.com, just concluded a seed funding round with Rio Technology Partners and Savanah Fund.
Ahonya.com is Ghana’s Premier online shopping site founded by three young guys to enable Ghananians buy authetic electronics, fashion and other hosuehold items. Ahonya was launched over a year and a half ago by Gerard Yitamkey, Philip Adzanoukpe and Addo Kufor Mensah at their hostel room in the University of Cape Coast in Ghana.
Until Christmas time last year, Ahonya.com was focused primarily on electronics–mobile phones, tablets,laptops, TVs, cameras, printers and other items. Right now they have over 20,000 products from more than 100 fashion brands in Ghana.
In this round of investment is already existing investors, Nairobi-based Savannah Fund, who have provided follow-on funding after Ahonya’s success in the inaugural Savannah Fund Accelerator program last year.
Rio is led by Percy Grundy, formerly CEO of Tigo Ghana and Commercial Director for Africa at Millicom. According to Mr. Grundy, “We are thrilled to announce that we are now in a long term partnership with the leading e-commerce business in Ghana. We believe the combination of Rio’s hands-on approach to investment, expertise in West Africa and financial support, will allow Ahonya to successfully scale its operations in Ghana,”
High on Ahonya’s list now will be scaling the business. Gerard Yitamkey, Co-founder and CEO of Ahonya says the round will help them hire additional talent and scale Ahonya’s growth. “The new funds will allow us to bring in additional talent and continue pushing towards our mission of transforming retail in Ghana. We are excited to partner with Rio and are delighted to have Mr. Grundy to join our board to deepen the wealth of experience and knowledge available to Ahonya.”
Right now, they have a very small warehouse and source for most of their electronic items from some of their partners. Amazon makes up the bulk of their orders. They also get some bulk orders from UK to satisfy their customers. Huge focus is on electronic items, though they are currently expanding their lineof offering. Reminds me of how Konga.com in Nigeria started with baby items and soon expanded to include electronics, office items, homeares and some other categories. I’m sure Ahonya is going to go that way as soon as they see what their visitors/customers are looking for–It is the wise thing to do. However, they do not offer cash on delivery that is already the norm in Nigeria yet.
“Ahonya was a standout startup in our first accelerator class last year” says Mbwana Alliy, Managing Partner at Savannah Fund. “We are proud to see them raise their post-accelerator seed round and look forward to being part of their continued growth.”
The edge Ahonya is having is ensuring that all the products they provide to their customers are original.
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AHONYA.COM HAS CLOSED ITS SITE NO ONE IS ANSWERING TE GIVEN NUMBER , ITS A SCAM SITE.