Funding Details
- Awarder
- YCombinator
- Date Award
- June 26, 2024
- Vertical
- B2B,Supply Chain and Logistics
- Funding URL
- View Funding Page
- Valuation
-
$0
Company Info
- Founding Year
- 2024
- Company Description
- Zimi is a tech-enabled fulfillment provider connecting African merchants to global markets, with an initial focus on the US market. The African continent exports over $600 billion in goods each year, with $83 billion (14%) going to the US. However, excessive shipping costs and inefficient supply chains result in an estimated $50 billion in missed export opportunities annually. Zimi solves this problem by making it easier, cheaper, and faster for African merchants to sell to global buyers.
Merchants ship inventory to centralized Zimi warehouses at the lowest pre-negotiated rates in the market. As orders come in, we rapidly fulfill and deliver to their B2B and B2C customers globally. This approach has reduced shipping costs and times by 80% while increasing order volume.
- Market
- B2B
- Coinvestors
- YCombinator
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