{"id":1120,"date":"2025-06-11T04:42:24","date_gmt":"2025-06-11T03:42:24","guid":{"rendered":"https:\/\/techstream.africa\/?p=1120"},"modified":"2025-06-11T04:42:24","modified_gmt":"2025-06-11T03:42:24","slug":"silverbacks-partially-exits-from-omniretail-with-a-5x-return-in-ninth-profitable-exit","status":"publish","type":"post","link":"https:\/\/techstream.africa\/?p=1120","title":{"rendered":"Silverbacks partially exits from OmniRetail with a 5x return in ninth profitable exit"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/techstream.africa\/wp-content\/uploads\/2025\/06\/OmniRetail-1-1280x640-1-1024x512.webp\" alt=\"\" class=\"wp-image-1121\" srcset=\"https:\/\/techstream.africa\/wp-content\/uploads\/2025\/06\/OmniRetail-1-1280x640-1-1024x512.webp 1024w, https:\/\/techstream.africa\/wp-content\/uploads\/2025\/06\/OmniRetail-1-1280x640-1-300x150.webp 300w, https:\/\/techstream.africa\/wp-content\/uploads\/2025\/06\/OmniRetail-1-1280x640-1-768x384.webp 768w, https:\/\/techstream.africa\/wp-content\/uploads\/2025\/06\/OmniRetail-1-1280x640-1.webp 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The exit follows OmniRetail\u2019s recent <a href=\"https:\/\/techcabal.com\/2025\/05\/15\/why-flour-mills-joined-omniretails-20-million-round\/\" target=\"_blank\" rel=\"noreferrer noopener\">$20 million Series A raise,<\/a> which saw participation from 64-year-old manufacturing titan, Flour Mills of Nigeria, alongside other backers. This partial exit marks Silverbacks\u2019 ninth profitable exit.&nbsp;<\/p>\n\n\n\n<p>Founded in 2019, OmniRetail links 150,000 retailers with 5,800 distributors and fast-moving consumer goods (FMCG) manufacturers through its e-commerce platform. Twice dubbed Africa\u2019s fastest-growing business, it saw revenue surge 71,818% from $280,000 in 2020 to over $120 million in 2023, processed more than \u20a61.3 trillion ($810 million) in deals in 2024, and hit profitability<\/p>\n\n\n\n<p><a href=\"https:\/\/techcabal.com\/2025\/06\/10\/silverbacks-partially-exits-from-omniretail-with-a-5x-return\/\">To read more click here <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The exit follows OmniRetail\u2019s recent $20 million Series A raise, which saw participation from 64-year-old manufacturing titan, Flour Mills of Nigeria, alongside other backers. This partial exit marks Silverbacks\u2019 ninth profitable exit.&nbsp; Founded in 2019, OmniRetail links 150,000 retailers with 5,800 distributors and fast-moving consumer goods (FMCG) manufacturers through its e-commerce platform. Twice dubbed Africa\u2019s&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1120","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/1120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1120"}],"version-history":[{"count":1,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/1120\/revisions"}],"predecessor-version":[{"id":1122,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/1120\/revisions\/1122"}],"wp:attachment":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}