An eCommerce startup recognized as Africa's fastest-growing company by the Financial Times.
Guinness Nigeria and Major Brands Invest in Startups to Tap Africa’s Informal Retail Market
Guinness Nigeria Plc is collaborating with startups to penetrate Africa's informal retail market. Flour Mills of Nigeria Plc invested in OmniRetail, which connects manufacturers with over 150,000 small retail stores.
From Idea to Exit: African Founders Who Sold Their Startups (And How They Did It)
Between 2012 and 2022, 190 acquisitions occurred in Africa's tech ecosystem. Fintech led funding in 2024, securing over $1 billion.
Silverbacks’ OmniRetail Exit Showcases Africa’s Startup Strength and Investment Upside
Silverbacks Holdings recorded its ninth successful exit through a partial sale of its stake in OmniRetail. The deal delivered a fivefold return on the original investment, reinforcing Silverbacks' performance in Africa's startup scene.
Condia Insider: 5x returns for this VC firm
Silverbacks Holdings partially sold its stake in OmniRetail for a 5x return, following the startup's $20M Series A raise. OmniRetail's revenue skyrocketed from $280,000 in 2020 to over $120 million in 2023.
Condia Insider: 5x returns for this VC firm
Silverbacks Holdings partially sold its stake in OmniRetail for a 5x return after the startup's $20M Series A raise. OmniRetail's revenue skyrocketed from $280,000 in 2020 to over $120 million in 2023.
