Investors are betting big on Nigerian logistics startups due to Nigeria’s massive, growing consumer market, increasing urbanization, rising demand for efficient e-commerce/retail delivery, and the sector’s foundational role in enabling other tech growth (like fintech & digital commerce) by solving infrastructure gaps, attracting investment as a crucial connective tissue for the continent’s digital economy.
The sector offers huge potential for modernization and scaling, addressing bottlenecks in supply chains and unlocking broader economic growth beyond just Lagos.
Key Drivers for Investment
Massive Untapped Market:
Nigeria is one of Africa’s largest economies and the continent’s most populous nation. This creates huge demand for efficient movement of goods and services.
E-commerce & Digital Economy Boom:
Growth in online retail and digital payments necessitates better logistics for last-mile delivery and cross-border trade
Infrastructure Deficit & Modernization:
There’s an urgent need for modern transport infrastructure, with startups providing solutions in warehousing, transport, and distribution, making them essential.
“Picks and Shovels” Play:
Logistics startups build essential infrastructure (payments, supply chains) that enable other sectors, such as fintech and e-commerce, to scale, attracting investors who back foundational technology.
Maturing Ecosystem:
The sector is maturing, with established players acquiring smaller ones, showing a shift from high-burn models to building sustainable infrastructure.
Economic Growth & Diversification:
A growing trade surplus and push for economic diversification make logistics a strategic destination.
Investors view the Nigerian logistics sector as crucial infrastructure for Africa’s digital future, thereby providing solutions to fundamental problems for a continent hungry for connectivity and efficient commerce.
Nigerian logistics startups are leveraging technology to address e-commerce and B2B needs. Notable companies include Kobo360, Chowdeck, GIG Logistics (GIGL), Kwik Delivery, and Gokada.
These companies offer logistic services ranging from AI freight matching to on-demand bike delivery and digital distribution for wholesalers and retailers.
Leading Logistics Startups Companies In Nigeria
- Kobo360: An AI & web-based marketplace connecting cargo owners with transporters, focusing on B2B logistics.
- GIG Logistics (GIGL): The company offers e-commerce fulfillment and delivery services through a strong digital platform.
- Chowdeck: They offer app-based services for quick, traffic-beating deliveries. The firm often uses bicycles and motorcycles for speed and efficiency.
- Kwik Delivery: An app-based platform for on-demand last-mile delivery services.
- Gokada: They are known for on-demand bike hailing and parcel delivery.
- MAX.ng (Metro Africa Xpress): The company provides hyperlocal, on-demand delivery services, primarily using motorcycles.
- Sabi: The firm offers digital solutions for informal distribution and logistics for businesses.
- Sendbox: A web-based platform for managing on-demand delivery and logistics.
- OnePort365: The Brand is a tech-enabled freight forwarding service firm. They also render digital cargo management services.
- Haul247: The logistic firm is a tech-enabled freight forwarding service for trucking and logistics.
These logistics startup companies have, over the years, raised funds from investors for various purposes. For capital expenditures, technological advancement adoption (automation, tracking).
They have also raised capital from investors for scaling business operations to meet customers’ demand and expanding into new markets. These enable growth and a competitive edge in the ever-evolving logistics business.
Some of the Nigerian Logistics Startups That Have Raised Funds From Investors
Chowdeck: The company raised $9 million in Series A funding in August 2025. The funding was led by Novastar Ventures, with participation from Y Combinator, AAIC Investment, and others.
The money is being used to fund the company’s expansion across Nigeria and Ghana. Chowdeck is one of the fastest-growing logistics tech startups in Nigeria over the last decade.
Gokada: The logistic firm raised $5.3 million in Series A funding in 2019. The funding process was led by Rise Capital, with other investors like Adventure Capital.
The money was meant to expand the company’s motorcycle ride-hailing and logistics operations in Nigeria.
The brand later faced challenges in executing its initial plans and explored crowdfunding and asset-light models to scale its business operations.
Kobo360: The firm raised $20M Series A funding in 2019, led by Goldman Sachs, plus $10M working capital, totaling over $30M, and later an additional $48M Series B round. The company later faced cash flow issues and was sold in 2025.
MAX.ng: The brand raised $31 million in a Series B round in 2021. The funding was led by Lightrock and Global Ventures.
The company also raised around $7-8.5 million in 2019, through investors like Novastar Ventures, Yamaha Motor, among others.
These funds support their mission to build vehicle subscription and financial services for African drivers, expanding into electric vehicles and new markets.
