The startup has received $750,000 (Sh77 million) in funding. PHOTO | FILE
By John Gachiri
In Summary
- US-based Garage Capital and Google’s former chief financial officer Patrick Pichette are some of the investors in the Nairobi-based tech startup.
OkHi, a Kenyan startup which designs physical address
systems, has received $750,000 (Sh77 million) in funding from local and
international investors.
US-based Garage Capital and Google’s former chief financial
officer Patrick Pichette are some of the investors in the Nairobi-based
tech startup.
OkHi, which was started in early 2014, allows users
to get an address that consists of a GPS point and a photo of the
user’s gate. These two sets of data make it easier for taxi, ambulance
and courier service providers to know the exact physical address of the
user which shortens delivery time.
Juniper Kitchen, a Nairobi-based pub, and online retail store Jumia are some of the companies that are using OkHi for deliveries
“We couldn’t be more excited about the investors
who we have onboard, not only do they help validate the opportunity
ahead of us, but more importantly they bring a huge amount of experience
to the business that will be critical to our success,” said OkHi
co-founder and chief executive Timbo Drayson in a statement.
The address can be shared through a mobile phone app.
OkHi has already mapped addresses on Ngong Road, in Lavington, Kilimani and Westlands suburbs of Nairobi.
The startup says that the addresses can also be
used by financial institutions and other service providers. The funds
will be used to support operations.
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