We are a tech-first B2B E-commerce company focused on transforming traditional retail in Africa. We have created a decentralized approach to digitized retail through a deep understanding of our customer (the Retailer) owing to our extensive experience in FMCG Retail and platform tech for SMBs in Nigeria. By activating networks of logistics and warehousing partners on our platform, we take our Retailers’ business to the next level, quadrupling their profits in a short period. We provide them with seamless procurement, embedded financial services, and business intelligence to achieve this. We currently are in key cities in Nigeria and are scaling in other geographies with similar challenges.
We have been focusing on building a fundamentally strong and profitable business over the last few months and have achieved the same. This strategy focus differentiates us in the segment as a company that is not only customer-centric and growth-focused but creates true impact and returns for investor funds. For 2022, we delivered a total GMV of $133mn compared to $35mn in 2021 (representing a 3.8x growth).
We are extremely excited about what the future holds alongside this relationship with Chandaria Capital. Not only are they deeply entrenched in the ecosystem, but they are also extremely capable long-term partners that provide capital and strategic support. As we embark on scaling with efficiency and look towards growing in new markets, we are sure that the network and reputation Chandaria Capital holds will be very helpful for Omniretail to grow.
Founders: Deepankar Rustagi