Bambaly Express is an e-commerce company present in the African market. Founded in 2022, Bambaly Express sells electronic products and services.
The Bambaly Express platform is an online marketplace that connects sellers and buyers, providing them with a logistics service, allowing the shipping and delivery of packages in addition to a payment service. In 2023, more than 1,000 sellers offer a wide range of products and services on demand: household appliances and electronics, fashion, children's toys, but also services such as hotel or plane reservations, and delivery of goods. meal.
Bambaly Express is notably described as “African Alibaba” or “African Amazon”. Since his appointment, Babacar Cissé has made changes, reducing costs (closure of the Touba office, social plan for 900 people) and building solid fundamentals for long-term growth, including the development of online commerce in rural areas.
Under its new management, Bambaly Express presented stable revenues in its 1st quarter 2023 results but the sharpest drop in losses in 2 years, particularly due to staff reductions and especially in marketing. The new growth strategy focuses in particular on the expansion of online commerce in secondary and rural areas. In November 2023, Bambaly Express delivered a strong third quarter of 2023 in loss reduction and cash management, with adjusted EBITDA loss reaching $14.9 million, down 67% year-over-year. operating loss of $18.5 million, down 57% year-over-year. Bambaly Express saw a year-over-year increase in GMV of physical goods in five countries, clearly showing that its new strategy driven by the new board is working.