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Kandua, a Johannesburg-based home services online marketplace has announced a raise of an undisclosed amount in a significant Pre-Series A funding round from a consortium of investors that include Knife Capital and Allan Gray E-Squared Ventures. Kandua had its seed funding from credible Angel Investors, the ASISA ESD Initiative, IDF Capital, as well as Catalyst Fund, among others.
We are delighted to welcome Knife Capital and AGEV as equity investors to the business. We are looking forward to executing the aggressive growth strategy enabled by the funding and will look to bring on even more high-value partners and funders into the story, said Sayo Folawiyo, CEO and Co-founder of Kandua.
Keet van Zyl, Investment Partner at Knife added: “Kandua is an exciting investment to add to the Knife Capital venture capital portfolio. The business has grown significantly over the past eighteen months and has now reached a breakout point of scale to ramp up both B2B and B2C activities.”

Kandua, founded in 2014, is a seamlessly designed platform that connects great home service providers to the people who need them, powered by pioneering technology and a passionate, talented team. The startup boasts of making over R 200 million worth of work opportunities happen, and is a partner of Leroy Merlin, a do-it-yourself hypermarket that helps its customers imagine and create the home of their dreams.
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