Yango Invests in Gigmile for Africa Logistics Boost
Global tech firm, Yango Group, has announced a significant investment in Gigmile, an African platform focused on bolstering last-mile delivery infrastructure for gig workers. The investment, made through Yango Ventures, underscores the group’s commitment to supporting promising startups and strengthening digital networks across the continent.
Gigmile is tackling the challenges of last-mile delivery in Africa by providing gig workers with crucial resources – access to vehicle financing, essential software tools, and operational support. This latest funding is expected to facilitate Gigmile’s expansion into new regional markets and enhance delivery efficiency while promoting financial inclusion.
“Gigmile is working on a problem we understand deeply: how to build delivery systems that work for businesses and for the couriers who keep them running. Our experience in urban logistics gives us a strong foundation to help them scale responsibly and efficiently. We’re proud to support a team that shares our commitment to building practical, tech-enabled infrastructure across Africa,” said Daniil Shuleyko, CEO of Yango Group.
The company is capitalizing on the rapid growth of the last-mile delivery sector in Africa. By integrating technology with flexible financing and data-driven workforce management, Gigmile aims to empower gig couriers to operate effectively and earn a sustainable income. Yango Ventures’ investment will be instrumental in accelerating product development, reinforcing operational capabilities, and expanding Gigmile’s reach.
Yango Ventures, with an initial $20 million fund, concentrates on early-stage startups – from Seed to Series B – operating in sectors like Online-to-Offline (O2O), Business-to-Business Software as a Service (B2B SaaS), and Financial Technology (FinTech). The venture arm intends to grow its portfolio with companies delivering transformative, tech-driven solutions in high-growth regions across Africa, the Middle East, North Africa, and Pakistan (MENAP), Latin America (LATAM), and beyond.
This investment in Gigmile aligns with Yango Group’s broader strategy of fostering digital transformation and technological advancement globally. Through Yango Ventures, the company continues to provide promising entrepreneurs with access to capital, operational expertise, and a global network to drive scalable, community-focused growth.
Image Source: MYJOYONLINE
