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§ Private Profile · Lagos, Nigeria
Where restaurants in Africa buy food supplies
Vendease has raised $53.0M across 3 funding rounds.
Key people at Vendease.
Vendease was founded in 2019 by Gatumi Aliyu (Founder) and Olumide Fayankin (Founder) and Tunde Kara (Founder) and Wale Oyepeju (Founder).
Vendease has raised $53.0M in total across 3 funding rounds.
Vendease is a marketplace that lets restaurants in Africa, order directly from farms and food manufacturers.
Now, instead of going through expensive - middlemen - vendors, or wasting productive man hours sending staff to open markets with hiked prices, restaurants can now get on our platform, click to order and get all their food supplies within 24hrs.
Vendease is a digital marketplace platform that enables restaurants and food businesses across Africa to procure food supplies directly from farms and manufacturers, bypassing traditional middlemen. It streamlines the entire procurement process by allowing businesses to order ingredients and essentials online with delivery typically within 12 to 24 hours. Beyond procurement, Vendease integrates payments, inventory management, and data analytics, helping restaurants reduce costs, save time, and optimize operations. The platform serves a broad customer base including small independent restaurants, hotels, hospitals, and schools, primarily in Nigeria and other African urban centers. It also offers financial services such as buy-now-pay-later options to support business growth and operational efficiency[1][2][5].
Founded in 2020 by Tunde Kara, Olumide Fayankin, Gatumi Aliyu, and Wale Oyepeju, Vendease emerged from the founders’ recognition of inefficiencies in Nigeria’s fragmented food supply chain. Initially launched as a marketplace connecting suppliers and restaurants, the company pivoted to a model where it buys discounted products in bulk, stores them, and manages delivery through third-party logistics to improve quality and delivery times. Early traction included rapidly reducing delivery times from 24 to 12 hours and helping customers save millions in procurement costs and wastage. The founders’ backgrounds in technology and supply chain management helped them build a platform that leverages data to forecast demand and optimize supply[2][4].
Vendease rides the wave of digital transformation in Africa’s food supply chain, addressing critical inefficiencies in procurement and logistics. The timing is crucial as African consumers spend a disproportionately high share of income on food (up to 60% in Nigeria), and food businesses face challenges like unreliable supply, wastage, and limited access to capital. By digitizing procurement and integrating financial services, Vendease supports food security, sustainable agriculture, and operational efficiency. Its model also contributes to formalizing and modernizing the informal food supply sector, attracting investment and fostering innovation in African food-tech ecosystems[1][3].
Vendease is positioned to expand its footprint across Africa by deepening its technology capabilities and broadening its financial service offerings. Trends such as increasing smartphone penetration, urbanization, and demand for food service quality will shape its growth trajectory. The company’s influence is likely to grow as it helps more food businesses reduce costs, improve supply chain transparency, and enhance operational efficiency. Future developments may include expanding into more African markets, enhancing data analytics for predictive supply chain management, and further integrating with food processors to strengthen the entire ecosystem from farm to table[2][3].
Vendease exemplifies how technology can transform traditional industries in Africa by creating more efficient, transparent, and financially inclusive marketplaces for food businesses.
Key people at Vendease.
Vendease has raised $53.0M across 3 funding rounds. Most recently, it raised $30.0M Debt / Series A in September 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 26, 2022 | $30M Debt Financing | Cyril Collon, Andreata Muforo | GFR Fund, Hack VC, Hustle Fund, Kairos Angels, Kube VC, Magic Fund, VentureSouq | Announced |
| Sep 1, 2022 | $20M Series A | — | Partech Ventures, Tide Africa Fund, Tayo Oviosu | Announced |
| Aug 1, 2021 | $3M Seed | Donald Stalter | FinTech Collective, Tofino Capital, John Obaro, Tayo Oviosu, Hack VC, Hustle Fund, Liquid 2 Ventures, Magic Fund, Soma Capital, Y Combinator | Announced |
Vendease was founded in 2019 by Gatumi Aliyu (Founder) and Olumide Fayankin (Founder) and Tunde Kara (Founder) and Wale Oyepeju (Founder).
Vendease has raised $53.0M in total across 3 funding rounds.
Vendease's investors include Cyril Collon, Andreata Muforo, GFR Fund, Hack VC, Hustle Fund, Kairos Angels, Kube VC, Magic Fund, VentureSouq, Partech Ventures, TIDE Africa Fund, Tayo Oviosu.