Kasha Global Plans African Expansion After Securing Funding from Sanofi's Impact Investment Fund

Kasha Global, a healthcare-focused e-commerce platform, has secured equity investment from Sanofi Global Health Unit’s Impact Investment Fund. While the investment amount remains undisclosed, the funds will fuel Kasha’s expansion into additional African markets, enhance its technology platform, and strengthen its efforts to improve equitable access to healthcare products across the continent.

The Rwandan startup previously raised $21 million in a Series B funding round in 2023, led by Knife Capital.

Kasha’s Founder and CEO, Joanna Bichsel, highlighted the significance of this partnership with Sanofi, noting that it marks a pivotal moment for the company. She emphasized the growing demand for treatments for non-communicable diseases (NCDs) such as diabetes and hypertension across Africa. With Sanofi’s backing, Kasha plans to increase awareness of NCDs and other health concerns, making medications more accessible and affordable, particularly for low-income and rural populations.

By leveraging its technology platform, Kasha aims to revolutionize access to quality pharmaceuticals in Africa through a customer-focused, data-driven approach.

Source: Innovation Village