The startup has now appointed African VC and advisory firm HAVAIC to assist with its fundraising process, with Izyshop hoping to raise a US$300,000 round.
“We are looking for the funding to finalise our delivery management system, mobile version of our platform, our realtime supply management system, advertising and working capital. This will allow us to do one hour deliveries and increase our margins on the business,” chief executive officer (CEO) Titos Munhequete told Disrupt Africa.
HAVAIC said it is admirable how far Izyshop has developed in the absence of external financial and advisory support.
“With the right kind of backing, [we] believe that Izyshop will make a significant impact in its markets and will offer investors attractive returns,” HAVAIC said.
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