$11.6 million in six months!

In Business overview
August 23, 2022
1 Min read
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The six months of 2022 continues the revenue growth we’re used to at Africa Eats. An aggregate of $11.6 million was earned by our portfolio companies, putting them on track to reach $24M-$25M for the whole year.

To put this in some perspective, when we launched Africa Eats back in 2020 we were touting a total of $6.7 million in revenues in 2019. The same portfolio earned that just in Q2 this year. They earned more in Q1 + Q2 this year than in all of 2020.

Where do they go from here? Our financial model says they’ll grow to $100 million by 2025 and that they’ll grow their next 10x by 2027. We stop making predictions beyond that, but our goal is to see these companies individually earning more than $10 million per year, and we’re on track to see the first of those reach that milestone before the end of 2022.

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In Business overview
4 months ago
4 Min read
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5 months ago

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In Business overview
5 months ago
1 Min read
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Africa Eats was founded in July 2020, but the business plan was written back in late 2018 and the financial model iterated many times in 2019. It is interesting to look back at the early models to see what has changed. Little has changed in terms of structure, but quite a lot has changed in terms of scale. The 2019 model seemed aggressive at the time, but now it looks tame. In 2019 the estimate...

6 months ago

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In Business overview, Impact
6 months ago
2 Min read
01November

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9 months ago

Profitable, and Rising

In Business overview
9 months ago
1 Min read
16July

Africa Eats quite often touts the fast growing revenues of the bizi. But are they profitable? Profitabilty is not commonly a question asked of early-stage fast-growing companies. Over in the corner of venture capital funding tech-based startups, profits are often an afterthought. But the bizi are not tech-based and the reason past updates have not discussed profits is that the bizi are far more...

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