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Press Release: BulkBox - Solving Supply Chain Challenges for Africa’s SMEs
By Renew Capital | Thu Dec 19 2024
Renew Capital invests in Bulkbox, a tech-enabled platform that provides Africa’s businesses with fast and reliable access to business supplies at competitive prices.
NAIROBI, Kenya, December 19, 2024 – BulkBox is addressing critical supply chain challenges faced by small and medium-sized enterprises (SMEs) in Kenya using a convenient and easy-to-navigate online platform. The company provides SMEs with reliable access to a wide range of essential supplies at wholesale prices, empowering them to operate efficiently and profitably.
The platform is simplifying procurement for businesses of all types, including restaurants, retailers and offices, providing them with the resources they need to thrive in a competitive marketplace.
“BulkBox is helping small businesses get the supplies they need quickly and at fair prices,” said Ahmed Wurie, Co-founder and CEO of BulkBox. “We deliver products the same day and also provide manufacturers with local hubs to make last-mile deliveries easier and more affordable.”
BulkBox addresses a key challenge in Kenya, where approximately 400,000 micro, small, and medium enterprises fail within their first year. BulkBox’s comprehensive platform ensures SMEs can access the products they need quickly and affordably while benefiting from tools that enhance operational efficiency.
“BulkBox is solving a major challenge for SMEs in Kenya by improving access to affordable and reliable supplies,” said Lucas Robinson, consulting principal at Renew Capital. “Their B2B e-commerce platform, combined with capacity building support, equips businesses with the tools they need to grow and succeed.”
With a strong value proposition of fast delivery, competitive pricing and capacity-building tools, BulkBox is well-positioned to help SMEs grow and succeed in Kenya’s competitive market.
Support to Renew Capital portfolio companies is provided in partnership with Global Affairs Canada.
About Bulkbox
BulkBox is tackling supply chain challenges for small and medium-sized enterprises (SMEs) in Kenya through a convenient, user-friendly online platform that streamlines access to essential supplies.
