10 Investors Investing in African E-Commerce
- Africa's e-commerce market is expected to grow from $317 billion in 2024 to $1,017 billion by 2033.
- TLcom Capital manages over $350 million and focuses on early-stage e-commerce startups.
- Partech Africa raised €280 million for its second fund, investing between $1 million and $15 million per startup.
The growth of Africa's e-commerce market presents a unique opportunity for investors, but it is crucial to address the underlying infrastructure challenges. Long-term strategies and commitment to local startups will be essential for sustainable success in this rapidly evolving landscape. The focus on gender diversity and supporting female-led ventures is particularly commendable and should be further encouraged.
