Kwik Delivery raises $1.7 million in pre-Series A Financing Round

Kwik Delivery, an on-demand, last-mile delivery startup, announced today that it has closed its pre-Series A financing round. The company successfully raised $ 1.7 million in equity from institutional and high net worth investors.

This financing round is enabling us to grow even faster and to disrupt and conquer new markets.

“Kwik Delivery has demonstrated to customers and investors alike its efficiency as well as the relevance of its bold technology-based approach during a most challenging period” explains Romain POIROT-LELLIG, Founder & CEO of Kwik Delivery. “This financing round is enabling us to grow even faster and to disrupt and conquer new markets.”

Launched in 2019, the startup is an on-demand, last-mile delivery platform that connects African businesses to independent delivery riders, dubbed Kwiksters. The Kwik platform is currently open to Kwiksters operating in Lagos State.

With the current COVID-19 pandemic restrictions, the online delivery service industry has grown to cater for the transportation of goods and services. There is no E-commerce business without a good delivery service system. A good delivery system is the backbone of any e-commerce business that will thrive. The idea behind E-commerce businesses is that that customer can order products online and have them delivered to their homes.

The company announced recently that it was expanding its app-based breakthrough delivery service to 4-wheel delivery vehicles which includes vehicles such as hatchbacks, pick-ups, SUVs, vans, and small trucks up to 5 tons. 

Last year, Yves Guillemot, Founder & CEO of French video games giant Ubisoft S.A. invested an undisclosed amount in the startup to allow the company to scale up in Nigeria.

The Kwik Delivery app is available on iOS and Android.  Kwik Delivery is the trading name of Africa Delivery Technologies SAS.