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How ex-Jumia bosses raised Sh1b for e-commerce start-up

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 Ex-Jumia group executive vice president and Kenyan head Sam Chappatte is the brains behind Kapu. [Wilberforce Okwiri, Standard]

Shortly after quitting pan-African e-commerce giant Jumia, Sam Chappatte had managed to raise $8 million (Sh980.8 million) and wooed his former colleagues to build an outfit fashioned from their collective experiences at the New York Stock Exchange listed firm.

The ex-Jumia group executive vice president and Kenyan head is the brains behind Kapu, a business-to-consumer (B2C) e-commerce start-up backed by some of Africa's wealthiest families, global venture capitalists and tech founders, among other serial investors.

The platform, which officially launched on Monday has been operating "silently" since January this year, recruiting over 1,500 agents in about 25 Nairobi neighbourhoods. It is headquartered in Nairobi's Baba Dogo area.

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