Where in Madagascar are E-Commerce startups based?

Antananarivo (4) have the most.

Sector × countryUpdated daily

E-Commerce startups in Madagascar

StartupList Africa tracks 4 E-Commerce startups in Madagascar. Antananarivo has the most, with 4.

Updated 22 Oct 20264 companiesSource: SLA Startup IndexHow sectors are assigned →Full directory →

#	Startup	What they do	Last round	Raised	Team
1	Mora MarketMadagascar	Malagasy online marketplace for electronics, furniture, appliances, games and groceries from multiple vendors.	-	Not disclosed	11–50
2	SERAOMadagascar	Malagasy online marketplace for buying and selling goods with verified listings, zero commission and mobile money payment.	-	Not disclosed	2–10
3	Zoma MarketplaceMadagascar	Malagasy online store selling 50,000+ products, including items sourced from France and Amazon, with instalment payments.	-	Not disclosed	2–10
4	AZ+Madagascar	Malagasy super app for ordering meals, shopping, booking rides and sending deliveries in Antananarivo.	-	Not disclosed	11–50

SLA Startup Index · as of 22 Oct 2026 · raised is disclosed funding

Showing 1–4 of 4

How many E-Commerce startups are there in Madagascar?: StartupList Africa tracks 4 E-Commerce startups in Madagascar.
Where in Madagascar are E-Commerce startups based?: Antananarivo (4) have the most.

Cite this page

StartupList Africa, “E-Commerce startups in Madagascar”, updated 22 Oct 2026.

startuplist.africa/countries/madagascar/industries/e-commerce