SweepSouth Receives R30-million Investment From Naspers' $100m Foundry Fund

SweepSouth revealed that it is the recipient of a R30-million investment by Naspers. In October last year, Naspers announced that it had created a $100m fund aiming at investing, via its venture capital fund Naspers Foundry, in local South African startups. SweepSouth is the first significant deal within the fund to be concluded.

SweepSouth, founded in 2014 by Aisha Pandor and husband Alen Ribic is an online cleaning services platform that connects clients with domestic cleaners. Sweepsouth’s charismatic CEO Aisha Pandor features regularly on the Heavy Chef platform, having spoken in June 2017, then in December 2017 when SweepSouth was voted one of South Africa’s Top 5 Most Exciting Startups.

Speaking to Heavy Chef yesterday, Aisha was excited about the announcement. “We are certainly pleased with the investment and the faith that Naspers has shown in our startup.”

“It is remarkable to attain a nod of confidence from one of SA's most iconic tech companies. This is the start of our next phase, and we intend to roll out several new features in our service.”

Pandor believes the partnership will help the startup achieve its vision of expanding into other home services and growing beyond the SA market.

In an official statement on the announcement, Pandor expanded on her vistion: “We see ourselves as an emerging market-focused platform that aims to serve the many professionals who don’t have the time to source the services we provide, whilst also creating meaningful employment opportunities.”

“The future is exciting for both the inspiring team that is working on this project and the amazing community that SweepSouth serves,” explained Pandor to Heavy Chef, following the news.

Last month, Aisha Pandor was interviewed by Heavy Chef CEO Fred Roed on Discovery Business Insurance’s collaboration with Heavy Chef and Cliff Central, “The Healthy Business Show”.

In the podcast episide “Secrets to Success” Pandor revealed how gruelling the journey has been, yet how grateful she is to be part of such a dynamic company such as SweepSouth.

Neither Pandor nor Naspers disclosed the equity stake the R30-million covered.

In 2017 SweepSouth raised an undisclosed amount in a Series-A round which was led by international retail solutions company Smollan. The round included Draper Darker Flow, Identity Development Fund Managers, CRE venture capital and DJ Black Coffee.

It follows a R10-million round of funding in 2016 that the startup concluded.

Watch Aisha explain her vision on the Heavy Chef stage in 2017, below:

More Naspers Foundry deals in the mix

Commenting in the same statement, Naspers chief executive Bob van Dijk: “We are inspired by entrepreneurs like Aisha and Alen who use innovative technology to improve people’s lives.

“We know what it takes to scale tech businesses, and the team is looking forward to working together with SweepSouth to help them do that.”

Van Dijk said Naspers will announce more deals in SA startups in the coming months.

“We are excited about the potential technology has to improve people’s lives, and will also continue investing in our existing operations in South Africa, including Takealot, Superbalist, Mr D Food, OLX, Autotrader SA, Property24, and Media24,” he said.