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Fearless Fund Invests 7-Figure Amt in Woman-led E-commerce Startup Zimi

By: GWL Team | Thursday, 17 October 2024

Fearless Fund has made an announcement regarding a seven-figure investment for an emerging e-commerce platform ‘Zimi’. Founded in 2023 by Audrey Djiya and Peter Nsaka, the firm caters in the Transportation, Logistics, Supply Chain and Storage industry with specialities in inventory management, storage, and logistics. It works to aid businesses in the emerging markets like Africa to expand to a global level.

Moreover, this new investment assures that Fearless Fund is still continuing its commitment towards assisting underresourced founders that includes women of color after the firm’s legal battle that continued for a year, with American Alliance for Equal Rights (AAER) for the Black women founders’ grant program.

Djiya said, “Further, Fearless’ experience with working with consumer brands, who we’re building for, and international presence, will be helpful to Zimi in the long run. We also really love the team.”

The company is looking forward to using the fresh capital for hiring new staffs in addition to incorporating AI (Artificial Intelligence) into its logistics services which will help it to grow and thrive towards a more technical market and comply with the new contemporary norms of this now-realm of business.