A Nigerian based food-tech startup, Orda has revealed that it has raised the sum of $1.2 million in funds.
The funds which was raised in a round includes funding from investors such as Microtraction, DFS Labs, Oxford Seed Fund, Enza Capital, Agrolay Advisors, Techstars Boulder, Magic Fund, Hustle Fund, Norrsken Foundation, and angel investors Ire Aderinokun, Jesse Ovia and Ademola Adesina.
The startup revealed that with this new funding, it plans to scale up its business operations and also, expand its operations to South Africa before Q4 of this year.
Orda, which key interest is majorly on local and small restaurants that do not have access to software that does analytics and inventory management intends to also provide that with funds raised.
Orda offers a cloud-based software tailor-made for African restaurants.
Founded in 2020 by Guy Futi Akinwale, Mark Edomwande, Kunle Ogungbamila, and Namir El-Khouri, Orda offers a cloud-based software tailor-made for African restaurants.
It also offers restaurants that use its platform access to a dashboard that allows them to accept and process orders from food delivery services Jumia Food, Glovo, Bolt Food, and in-store, website, social media channels like WhatsApp.
In addition to this, it offers an ePOS solution that restaurants can operate in remote areas with little or no internet coverage.Orda is based in Nigeria but currently has operations in Kenya and it currently boasts of 10,000 transactions weekly.
It also makes its gain from charges made to its clients.Restaurants that use Orda pay from about $5(N2,500) to $50 (N30,000) monthly to access its software.