Lagos, Nigeria – Chowdeck, the food delivery startup wey don dey shine for Nigeria and Ghana, don just bag $9 million for Series A funding. This money go help dem launch quick commerce and expand into more cities, no be small matter!
The equity round na by Novastar Ventures and dem no dey joke, as Y Combinator, AAIC Investment, Rebel Fund, and GFR Fund join the party too. Investors sabi wetin dem dey do, because Chowdeck dey combine local market knowledge with sharp execution. E fit turn this wahala wey dey for food delivery sector into correct super app wey go serve food, groceries, and all essentials.
CEO and co-founder, Aluko, no fit hide hin excitement, as he yan say, “We troway jubilation for this funding, because e go carry us near our goal of being Africa’s number one super app.” E say this dough go help dem expand, make their delivery time sharp like knife, and bring in top-notch talent wey go help drive customer satisfaction. Na so dem dey plan to blow!
Since dem start for October 2021, Chowdeck don dey operate across 11 cities, serving 1.5 million customers with over 20,000 riders. Dem logistics system sabi move fast, as wey dey average 30 minutes per order, and for places wey heavy, dem dey use bicycle for over half of the deliveries. Talk about being eco-friendly, na dem!
While many competitors dey scale back or gree waka from Africa market, Chowdeck dey stand strong, providing local meals wey sabi hit the spot. The company no dey fear complex operational challenges, as dem don build trust with their customers. Last year alone, the value of their delivered meals grow six times more than before, and this year, dem don pass that figure before July come.
With the new funding, dem go roll out quick commerce model wey go mean ultra-fast delivery with dark stores and local logistics hubs. Chowdeck dey plan to open 40 dark stores by the end of this year and dem wan expand to 500 dark stores by 2026. E be like say dem get plans upon plans, as wahala dey sweet.
Dem also sabi knack new targets, as dem dey hopeful to quintuple their daily orders from 1,000 to 5,000 by September 2025. Na sure bet for dem, as Aluko dey confident say dem go hit that target, plus dem don acquire Mira, a point-of-sale provider to sharpen their logistics game.
Chowdeck dey steal market share from foreign giants like Glovo and Bolt Food as dem dey persevere smash the competition for Nigeria and Ghana. This sector still dey juicy for local players, according to Aluko, as customer behavior dey shift online like no man’s business. A whole generation dey grow up ordering food without ever stepping foot inside some restaurants, my brother!
As per investor Novastar Ventures, dem dey put their money on the line, believing that Chowdeck’s deep local insight and solid execution go make dem the champions of logistics on the African continent. Na good time to dey in this food delivery space, and everybody dey ginger as Chowdeck dey work towards their vision.
