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Nigeria’s ShapShap Closes Seed Extension Round Led by V8 Capital Partners

The new funding will further boost the startup’s achievements, accelerating its last-mile delivery services for businesses and individuals in Nigeria, and other African countries

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ShapShap Logistics
ShapShap Logistics

On a mission to provide the best value for last-mile delivery, ShapShap connects individuals and businesses to shops, restaurants and nearest delivery personnel digitally.

ShapShap has now closed a seed extension round which included V8 Capital Partners, stimulating its expansion drive beyond its current base, Nigeria and increasing its capabilities across the new markets.

Founded by Khalil Halilu in 2019, ShapShap utilises data and mobile technology to formalise the fragmented and highly inefficient same-day delivery service. The startup’s all-in-one platform connects customers, drivers, as well as merchants, and has so far completed over 40,000 deliveries in Lagos and Abuja.

ShapShap also leverages B2B and B2C channels to enable seamless delivery options between merchants and customers. These customers can find a range of services as well as products, and delivery personnel can easily earn money servicing multiple vendors.

The new funding will further boost the startup’s achievements, accelerating its last-mile delivery services for businesses and individuals in Nigeria, and other African countries.

Technology is aiding the ability for businesses globally to reach their consumers faster, and Africa is no different. We are building IP that makes last-mile logistics more effective. We have noticed a significant spike in the distribution of goods and services through online channels and are committed to helping our clients succeed,” said Khalil Halilu, CEO of ShapShap.

ShapShap’s unique approach to last-mile logistics and Khalil’s proven track record presents a unique investment opportunity. We are excited to partner with Khalil across various verticals working with several portfolio companies to deliver fully automated last-mile delivery infrastructure,” said Tobi Oke, managing partner at V8 Capital Partners.

ALSO READ  Nigerian-based logistics company, ShapShap gets undisclosed funding from GreenTec Capital

 

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