Vendease reported a first 2024 layoff round that affected 68 employees, about 20% of staff, before the February 2025 cuts.
SourceWhere restaurants in Africa buy food supplies
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Vendease is a Lagos-based agrifood-tech company that helps restaurants and other food businesses procure supplies and manage operations through a marketplace plus software stack that includes inventory, restaurant management, POS, and embedded financing.
Primary product
B2B food procurement and operating platform for restaurants and other food businesses
Founded
2019
Headquarters
Lagos, Nigeria
Team size
90-100
Work style
Hybrid
Industry
Food and Beverage Services
Sub-industry
Agrifood-tech / food procurement software
Offices
0 jobs at Vendease
Check back later for new openings
Business model
Stage
Series A
Total raised
$33.3M
Latest round
Debt financing · Sep 2022
Latest amount
$10M
Sep 2022 · Partech Africa and TLcom Capital
Sep 2022
Oct 2021 · Global Founders Capital
Mar 2021 · Y Combinator
Leadership
Chief Executive Officer
Co-Founder & Chief Product Officer
Product Operations Lead
Head of Logistics
Commercial Lead Feed and Fresh
Head of Warehouse
The company describes its culture as adventurous, transparent, excellence-driven, respectful, and ownership-oriented, with a strong emphasis on talent development, collaboration, and 'heart and hustle.'
Work style
Hybrid
Compensation
Public job posts signal competitive salaries, hybrid work, health insurance, quarterly performance bonuses, 13th-month pay, company-sponsored training, and a performance-based pay/ESOP restructuring in 2025.
Benefits
Pricing
Not publicly disclosed; appears sales-led / quote-based, with revenue tied to marketplace transactions and BNPL interest rather than a posted self-serve price list.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Public estimates vary; a conservative public estimate is $1M-$10M, while some third-party sources estimate roughly $28M.
Estimated monthly visits
6.9K
Traffic estimate as of Dec 2025
Vendease reported a first 2024 layoff round that affected 68 employees, about 20% of staff, before the February 2025 cuts.
SourceThe company cut about 120 jobs, roughly 44% of staff, in its second layoff round to extend runway and pursue profitability.
SourceVendease restructured employee compensation into a performance-based pay system with ESOP components and said it was shifting toward a software-first model.
SourceCFO and co-COO Mohamed Chaudry resigned after leading a restructuring that reduced the workforce and coincided with the exit from Ghana operations.
SourceThe company was reported to be seeking bridge funding while also considering efficiency changes and capital restructuring.
SourceTechCabal · May 2025
Mohamed Chaudry stepped down after helping run the restructuring; the article also notes workforce reductions and the exit from Ghana operations.
TechCrunch · Mar 2025
Reports that Vendease cut 44% of staff, moved to performance-based pay plus ESOP, and is seeking bridge funding while shifting toward a software-first strategy.
TechCabal · Feb 2025
The company carried out a second round of layoffs, cutting about 120 employees as part of restructuring to reach profitability and extend runway.
Vendease Blog · Jul 2024
Company blog post describing Tunde Kara’s participation in Endeavor’s international selection panel, useful as a leadership and credibility signal.
Vendease Blog · Jun 2024
A company blog post about hiring and culture; it highlights Vendease's talent development approach and the CTO/co-founder speaking at the Jobberman fair.