Layoff
Sep 2024Vendease 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
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
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
Lekki Phase 1, Lagos, Nigeria
Lagos, Nigeria
Business model
B2B marketplace
SaaS
embedded finance / BNPL
software-enabled supply chain services
Funding
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
People & investors
Leadership
Chief Executive Officer
Co-Founder & Chief Product Officer
Product Operations Lead
Head of Logistics
Commercial Lead Feed and Fresh
Head of Warehouse
Work & culture
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
Health insurance
Training and development
Paid time off
Maternity leave
Paternity leave
Annual leave
20 days annual leave
13th-month pay
Quarterly performance bonus
Company-sponsored training
Product & market
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
- —Integrated procurement, inventory, restaurant management, and POS in one platform
- —Direct sourcing from farms and manufacturers
- —Buy Now, Pay Later / embedded credit
- —24/7/365 support from local account teams
- —24-hour delivery promise
- —Recurring order automation
- —Software-first pivot with AI-driven forecasting
- —Designed for African food businesses and supply-chain workflows
Technology
React
Angular
JavaScript
SQL
Jira
Confluence
Google Analytics
Looker
Power BI
Terraform
HashiCorp Vault
Slack
Stripe
Kubernetes
Jenkins
Odoo
Zoho
Google Workspace
Salesforce
Postman
Customers
restaurants
hotels
cafes
commercial food businesses
suppliers
Sooyah Bistro
Delina Bakery
Mood Lagos
Ile Eros
Competitors
TradeDepot
Alerzo
Omnibiz
Scale & contact
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
Signals & risks
Layoff
Feb 2025The company cut about 120 jobs, roughly 44% of staff, in its second layoff round to extend runway and pursue profitability.
SourceOther
Mar 2025Vendease restructured employee compensation into a performance-based pay system with ESOP components and said it was shifting toward a software-first model.
SourceOther
May 2025CFO and co-COO Mohamed Chaudry resigned after leading a restructuring that reduced the workforce and coincided with the exit from Ghana operations.
SourceOther
Mar 2025The company was reported to be seeking bridge funding while also considering efficiency changes and capital restructuring.
SourceLatest news
TechCabal · 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.
Jobs and careers at Vendease
0 jobs at Vendease
No open positions
Check back later for new openings