Alibaba’s Tsai-Backed Africa E-Commerce Firm Gets Funds to Grow



Samuel Gebre | Bloomberg

An Africa-focused e-commerce platform backed by Alibaba Group Holdings Ltd. co-founder Joe Tsai, has raised $6.2 million to expand into more markets and products.

ANKA, re-branding from Afrikrea, said its fund-raising round was led by Investisseurs & Partenaires, with participation from Tsai, Enigmo Inc and other investors. 

Founded in 2016, the company has expanded from Ivory Coast to more than 45 countries on the continent. It runs a marketplace, initially focused on connecting sellers of African-inspired fashion, covering clothing, accessories, arts and crafts to customers across the world, including the U.S. 

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