Chandaria Capital logo

Chandaria Capital

Africa, Nairobi Area, Kenya, Nairobi

Description

Chandaria Capital operates as the venture capital arm of the Chandaria Group, a prominent industrial conglomerate with a significant presence across East Africa. Based in Nairobi, Kenya, the fund primarily focuses on early-stage startups, typically at the seed to Series A stages, that demonstrate high growth potential and the ability to scale within the African market. Their investment strategy is deeply integrated with the broader Chandaria Group's extensive network, operational expertise, and market insights, offering portfolio companies not just capital but also strategic support and access to distribution channels.

The firm targets companies that are developing innovative, technology-driven solutions across various sectors, including consumer goods, logistics, and digital platforms, aligning with the Group's diverse business interests. Chandaria Capital aims to identify ventures that can leverage the Group's established infrastructure and market understanding to accelerate their growth and achieve significant impact. This symbiotic relationship allows them to provide value beyond mere financial investment, fostering a collaborative environment for their portfolio companies.

Historically, Chandaria Capital has indicated a typical investment range for its first cheques. Multiple reports from 2018 and 2019, including those from Bizna Kenya and TechMoran, stated that the fund planned to invest between $100,000 and $1 million in promising early-stage ventures. This range positions them as a significant early-stage investor in the East African ecosystem, capable of providing crucial capital for product development, market entry, and initial scaling efforts. Their commitment to fostering local innovation is evident in their strategic approach to supporting the next generation of African businesses.

Investor Profile

Chandaria Capital has backed more than 30 startups, with 1 new investments in the last 12 months alone. The firm has led 0 rounds, about 0% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
  • Majority of deals are located in Kenya, United States, Nigeria.
  • Strong thematic focus on E-Commerce, Financial Services, FinTech.
  • Typical check size: $100K – $1M.

Stage Focus

  • Seed (53%)
  • Pre Seed (23%)
  • Series A (20%)
  • Series Unknown (3%)

Country Focus

  • Kenya (57%)
  • United States (10%)
  • Nigeria (10%)
  • Pakistan (3%)
  • India (3%)
  • South Africa (3%)
  • Rwanda (3%)
  • Egypt (3%)
  • Morocco (3%)
  • Mexico (3%)

Industry Focus

  • E-commerce
  • Financial Services
  • Fintech
  • B2b
  • Software
  • Information Technology
  • Retail
  • Finance
  • Artificial Intelligence (Ai)
  • Saas
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Chandaria Capital frequently co-invest with?

Musha Ventures
North America, New York, United States, New York
Co-Investments: 5
Bisk Ventures
North America, California, United States, San Francisco
Co-Investments: 2
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 4
DFS Lab
North America, Washington, United States, Seattle
Co-Investments: 3
VestedWorld
North America, Illinois, United States, Chicago
Co-Investments: 2
BriteGaze
Africa, NA - South Africa, South Africa, Midrand
Co-Investments: 2
Enza Capital
Africa, Nairobi Area, Kenya, Nairobi
Co-Investments: 5
Reflect Ventures
North America, California, United States, Menlo Park
Co-Investments: 2
LoftyInc Capital
Africa, Lagos, Nigeria, Ikeja
Co-Investments: 4
Goodwater Capital
North America, California, United States, Burlingame
Co-Investments: 4

Which angels does Chandaria Capital often collaborate with?

TB
Europe, England, United Kingdom, London
Shared Deals: 1
Shared Deals: 1
WC
North America, New York, United States, Manhattan
Shared Deals: 1
CG
Europe, England, United Kingdom, London
Shared Deals: 1
AM
North America, New York, United States, New York
Shared Deals: 1
LG
North America, California, United States, San Francisco
Shared Deals: 1
ED
North America, New York, United States, New York
Shared Deals: 1
NJ
Europe, England, United Kingdom, London
Shared Deals: 1
MK
North America, California, United States, Stanford
Shared Deals: 1
Selma Ribica
Africa, Morocco
Shared Deals: 1

What are some of recent deals done by Chandaria Capital?

African Originals

Nairobi, Nairobi Area, Kenya

African Originals food and beverage company that offers authentic African craft beverages using traditional reciepies.

Food and BeverageFood ProcessingWine And Spirits
SeedSep 26, 2024
Amount Raised: $2,000,000
Sukhiba

Nairobi, Nairobi Area, Kenya

Sukhiba is a decentralized community-based commerce platform.

CommunitiesE-Commerce
SeedOct 25, 2023
Amount Raised: $1,500,000
Craydel

Nairobi, Nairobi Area, Kenya

Craydel is transforming the way students and working professionals in Africa discover, compare and apply to higher education.

Online Portals
Pre SeedJul 7, 2023
Amount Raised: $1,000,000
Leta

New Castle, Delaware, United States

Leta Technology is a software development company that creates supply chain and logistics.

SoftwareWeb Development
Pre SeedNov 22, 2022
Amount Raised: $3,000,000
UTU Technologies

Nairobi, Nairobi Area, Kenya

UTU Technologies develops a decentralized trust infrastructure in Web3 and DeFi.

Artificial Intelligence (AI)BlockchainInformation TechnologyReputationSoftwareWeb3
SeedNov 21, 2022
Amount Raised: $285,000
OmniBiz

Lagos, Lagos, Nigeria

Omnibiz is a B2B e-commerce platform for FMCG manufacturers, distributors, and retailers.

B2BE-CommerceInformation TechnologyInternetRetail Technology
SeedAug 19, 2022
Amount Raised: $5,000,000
Jumba

Nairobi, Nairobi Area, Kenya

Jumba is a construction technology platform that streamlines B2B construction material purchases and financing.

B2BConstructionInformation Technology
Pre SeedJun 14, 2022
Amount Raised: $1,000,000
Dastgyr Technologies

Karachi, Sindh, Pakistan

Dastgyr is a B2B e-commerce marketplace for FMCG, Construction, and Chemicals products in emerging markets

B2BE-CommerceLogisticsMarketplaceRetail
Series AJun 14, 2022
Amount Raised: $37,000,000
Sukhiba

Nairobi, Nairobi Area, Kenya

Sukhiba is a decentralized community-based commerce platform.

CommunitiesE-Commerce
Pre SeedMay 22, 2022
Amount Raised: $200,000
Umba

Nairobi, Nairobi Area, Kenya

Umba is an African digital bank, offering free bank accounts and financial services to customers in Kenya and Nigeria

Emerging MarketsFinancial ServicesFinTechMobile Apps
Series AApr 13, 2022
Amount Raised: $15,000,000