Chowdeck, one of Nigeria’s leading on-demand delivery service, announced the successful closure of a $2.5 million seed funding round. This significant investment injection marks a pivotal moment for Chowdeck as it accelerates its mission to optimize operations and expand its footprint across more cities in Nigeria.
With Nigeria’s on-demand delivery sector experiencing exponential growth, Chowdeck’s latest funding milestone underscores the company’s commitment to innovation and market leadership. Backed by a consortium of renowned investors including YCombinator, Goodwater Capital, FounderX Ventures, and several others, Chowdeck is poised to disrupt the status quo and deliver unparalleled convenience to customers nationwide.
Since its inception in October 2021, Chowdeck has swiftly emerged as a household name, revolutionizing the way Nigerians access their favorite meals. With over 500,000 users and a network of more than 3,000 dedicated riders spanning eight major cities including Lagos, Abuja, and Port-Harcourt, Chowdeck has cemented its reputation as the go-to platform for on-demand food delivery.
The infusion of $2.5 million in seed funding will empower Chowdeck to bolster its operational capabilities, enhance its technological infrastructure, and lay the groundwork for expansion into new markets across Nigeria. With a focus on delivering meals to customers’ doorsteps within an impressive 30-minute timeframe, Chowdeck is poised to set new standards for efficiency and reliability in the on-demand delivery space.
Femi Aluko, CEO and co-founder of Chowdeck, expressed his excitement about the company’s future prospects and the transformative impact of the latest funding round. He emphasized Chowdeck’s unwavering commitment to delivering exceptional experiences for customers, vendors, and riders alike, while also driving growth and profitability for all stakeholders.
Shola Akinlade, CEO and co-founder of Paystack, lauded Chowdeck’s innovative approach to addressing a critical need in Nigeria’s delivery ecosystem. He highlighted the strategic significance of Chowdeck’s partnerships with leading retailers such as Shoprite, Chicken Republic, and KFC, underscoring the company’s potential for long-term success.
June Angelides, Partner at Levare Ventures, commended Chowdeck’s remarkable execution and ambitious vision for the future. She emphasized the company’s ability to transcend traditional boundaries and deliver goods at record speed, setting a new benchmark for excellence in the industry.
