Ndiza, a last-mile delivery company operating in township markets, said on Tuesday it has raised R45m in a Series A round led by a local venture fund.
The company said the capital will fund expansion into two additional metros and investment in its dispatch software. According to Ndiza, it currently completes about 40,000 deliveries a month.
Ndiza said it plans to grow its driver network to 1,200 over the next 18 months. The company did not disclose its valuation.
