Kenya’s B2B construction tech startup, Jumba, has secured a $4.5M seed round, as it goes on to attract significant attention from industry players and analysts.
Although, Jumba has been making strides in the construction tech space, the startup is faced with stiff competition from other players in the market.
In Kenya, one of Jumba’s closest competitors is RenoRun, a construction material order on-demand service company that enables construction and renovation professionals to build the world around them leveraging technology.
Another competitor is BuildMart, which offers construction materials and equipment rentals to real estate developers and contractors.
Across Africa, Jumba faces competition from a range of other startups, including Egypt’s Brantu, which provides an e-commerce platform for construction materials, and South Africa’s BuildX, which offers a digital platform for construction project management.
Despite the competition, Jumba’s innovative business model has been gaining traction in the market.
The startup’s ability to connect hardware stores and real estate developers has enabled it to grow rapidly, even surpassing its own expectations.
CEO Kagure Wamunyu, who spoke on the development, noted that the company is currently struggling to meet up with demands.
“We are growing very fast, and our problem has always been that we have way more demand than we can meet,” he said.
Industry analysts predict that as the construction industry in Kenya and Africa continues to grow, demand for construction tech solutions like Jumba’s will only increase.
With the right strategy, Jumba has the potential to not only compete with its rivals but also establish itself as a dominant player in the construction tech space in Kenya and beyond.
