As E-commerce continues to thrive in Kenya, e-tailers continue to stream in and the latest kid on the block is Kasha, an East African E-commerce platform for women by women. The launch that officially took place in Nairobi seeks to expose women to online health and personal care products that they need in a confidential, convenient and affordable way.
Kasha is tapping into this vast opportunity with its diverse product portfolio that include; menstrual care products, bath and body, sexual health contraceptives & HIV self-tests, beauty products and baby products. Due to the nature of its customers’ needs, the online company will be working to deliver purchased items to customer’s destinations within an hour.
“E-commerce is thriving in East Africa, with over 21 million people accessing mobile financial services hence making it easier for consumers to shop online. However, women, who directly make or influence 80% of consumer purchases remain highly underserved in their access to high quality and genuine products’ said Joanna Bichsel, Co-founder, and CEO of Kasha.
According to a report by McKinsey, Africa’s pharmaceutical market is estimated to hit USD65billion by 2020, with the beauty and personal care market growing at a compound rate of 8.24% between 2014-2019, driven by the rapidly expanding middle class.
“Women are driving the world’s economy. Kasha is a technological solution by women that prides itself in providing the products and resources that women need throughout the phases of their lives. More so we also empower women enterprises. Currently, our category partners who create these unique skin and beauty products are women,” added Ms. Bischel, Kasha CEO and former engineer and Business leader at Microsoft.
Some of the local category partners available at the platform include; Marini Naturals, Zerufi Organics, and Mosara. The firm has also partnered with global brands such as Unilever, Johnson & Johnson and Kim-Fay.
Kasha will accept payments through mobile money, cash payment on delivery or bank card/credit card. Deliveries to customers will be done via motorbikes to ensure convenient and secure deliveries and will partner with delivery agencies to enable them to deliver orders to customers across the country.
Kenya’s E-commerce is now estimated at 6 percent of all purchases made in 2017. With about 300 million smartphones, E-commerce has the potential to grow economies and also market local productions.
According to a report by Citibank, Kenya’s E-commerce market could be worth more than Sh400 billion in the long term, and between Sh70 billion and Sh120 billion in the short to medium term, presenting a lucrative revenue opportunity for Fintech’s.
Additionally, a report by Harvard Business report indicates that women control about USD20 trillion in annual consumer spending globally. Their total yearly earnings could reach USD18 trillion in the next five years. In aggregate, women represent a growth double the size of China and India combined, creating a large growth market for the online platform.