Sango Capital (Sango) and Tana Africa Capital (Tana) have made a minority investment in Sundry Markets Limited, one of Nigeria’s fastest growing modern grocery retailers.
The transaction marks a partial realisation of the capital invested in the Company by Sango through its Fund I (Sango Fund I), and a new investment by Sango through its Fund III (Sango Fund III) and by Tana Africa Capital through its second Fund (TAC II).
Established in 2015, Sundry Markets operates the Marketsquare brand of supermarkets and convenience stores, providing a superior shopping experience to customers and a one-stop destination for prepared and packaged food, fresh baked goods, fruits and vegetables, butchery products and beverages, as well as personal and home care products across different store formats.
