Wasoko Co-founder Daniel Yu Steps Down from Day-to-Day Operations
Wasoko, a prominent Kenyan business-to-business (B2B) e-commerce firm, is undergoing a significant leadership transition. Daniel Yu, who co-founded the retail-tech startup in 2013, is departing from his full-time role after more than a decade of dedicated service. This shift occurs one year after Wasoko merged with Egypt’s MaxAB in an all-stock transaction, resulting in a dominant player in the active B2B supply chain market across the region.
Yu’s Transition and Future Involvement
In a recent LinkedIn post, Yu announced his decision to step away from the day-to-day operations at Wasoko. However, he will continue to support the company as an advisor, ensuring a degree of continuity during the transition. Yu expressed his enthusiasm for the company’s future and his continued support for the team. Belal El-Megharbel, co-founder of MaxAB, will retain his position as CEO and will oversee the operations from Cairo, where the merged entity is headquartered. Yu also mentioned his relocation to India, indicating a personal shift alongside his professional one.
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