Exciting news from Nigerian startup Chowdeck! They’ve just secured $2.5 million in seed funding to fuel their expansion and optimize operations. The funding, led by YCombinator and including notable investors like Goodwater Capital and FounderX Ventures, marks a significant milestone for Chowdeck as they continue to revolutionize on-demand delivery services in Nigeria.
Since their launch in October 2021, Chowdeck has seen remarkable growth, boasting over 500,000 users and 3,000 riders serving 8 major Nigerian cities. This new investment will allow them to solidify their market leadership in these cities and lay the groundwork for expansion into even more areas across the country. With the support of their investors, including industry veterans like Simon Borrero and Juan Pablo Ortega of Rappi and Shola Akinlade and Ezra Olubi of Paystack, Chowdeck is poised for continued success.
The surge in on-demand delivery services in Nigeria underscores the demand for convenient, efficient solutions in a rapidly digitizing economy. Chowdeck’s commitment to excellence and customer satisfaction has propelled them to the forefront of this burgeoning industry. CEO and co-founder Femi Aluko expressed gratitude for the support and highlighted Chowdeck’s dedication to providing exceptional experiences for customers, vendors, and riders alike.
With partnerships already established with major brands like Shoprite, Chicken Republic, and KFC, Chowdeck is well-positioned for future growth and innovation. Investors like June Angelides of Levare Ventures commend Chowdeck’s track record of execution and their ability to address complex challenges in delivering goods swiftly and reliably. As they continue to expand their reach and add value to communities across Nigeria, Chowdeck is set to make an even bigger impact in the on-demand delivery landscape.
