Chowdeck, a Nigerian on-demand delivery service has secured $2.5 million in seed funding from a number of investors. Founded in October 2021, Chowdeck currently has more than 3,000 riders and 500,000 users on its platform. It operates in 8 cities in the country including Lagos, Abuja, Ibadan, Port-Harcourt, Ilorin, Benin City, Abeokuta and Asaba.
Chowdeck plans to use the fresh funding to expand presence in the cities it currently operates in. The startup also plans to lay the groundwork for expansion to other Nigerian cities. Chowdeck last raised $500,000 in a pre-seed round in 2022 that helped with its initial expansion.
The investors who took part in this round include YCombinator, Goodwater Capital, FounderX Ventures, Hoaq Fund, Levare Ventures, True Culture Funds and Haleakala Ventures. Simon Borrero and Juan Pablo Ortega (co-founders of Rappi – Latin America’s largest online delivery platform), Shola Akinlade and Ezra Olubi (co-founders of Paystack – one of Africa’s leading fintech companies. Acquired by Stripe for $200m), Sudeep Ramani (Sportybet), Ayo Arikawe (Thrive Agric) and Karthik Ramakrishnan (Amazon) also participated as angels.
Femi Aluko, CEO and co-founder of Chowdeck, said, “We know that Nigerians love good food and we just want to make it as easy as possible for them to access the food they desire. Chowdeck was birthed to fulfil this purpose and we are committed to delivering truly excellent experiences for our customers, vendors and riders. We are pleased with the success we have achieved to date and excited to have raised these funds that will enable us to replicate that success in more parts of Nigeria, and add value to our customers, vendors and riders in as many ways as we can.”
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