Messenger, a one-stop logistics platform that finances and aggregates end-to-end logistics and supply chain operations, has raised an undisclosed amount in a pre-seed funding round led by Nama Ventures with participation from Aidi Ventures and notable Angels.
Messenger is a one-stop logistics platform that finances and aggregates end-to-end logistics and supply chain operations. We have successfully completed more than 700,000 deliveries for esteemed clients such as Jumia Food, Omnibiz, DHL, Glovo and Shopex TV. However, with the recent launch of our MVP and transition to a digital platform, our goal is to acquire 100,000 new customers within the next 12 months and increase our revenue tenfold.
The “last mile” refers to the final stage of the delivery process that ends with the customer or consumer. According to a report by the United Nations Conference on Trade and Development (UNCTAD), the e-commerce market in Africa was estimated to be at least $29B by 2022.
Meanwhile, Statista estimates that the e-Commerce industry in Nigeria has a market size of $9B with an annual growth rate of 11.74% resulting in a market value of $14B by 2027.
The last-mile logistics business opportunity in Africa is significant, as the continent’s logistics infrastructure is still developing, and the demand for efficient and reliable delivery services is on the rise.
Amanda Etuk, the founder and CEO of Messenger said: “As a company, Messenger is dedicated to championing last-mile deliveries across Africa, one city at a time.”
Etuk. has 10 years of experience in healthcare, FMCG and Logistics having occupied senior positions across fast-growing startups 54gene and Zippy Logistics (Now Loft Africa).
Additionally, Essien Etuk, the co-founder of the startup has 7 years of experience in operations management also being the founding president of the Abuja Logistics Operators Association serving as a link between regulators and operators in the city. He also had an impact in driving The Nigeria Startup Bill now The Nigeria Startup Act. Founders are siblings with distinct skill sets deployed towards the company’s objectives.
Mohammed Alzubi, Founder and Managing Partner of Nama Ventures says “This is one of those startups, that when we read their pitch deck, they stood out and we knew straight away of their potential. Amanda and Essein make an amazing team with their domain expertise and complementary skill sets.
“Also, Messenger is tackling a huge market in their service offering, which is always something we look for when evaluating opportunities. We are super excited at Nama to welcome this dream team into the Nama family.”
