ADVERTISEMENT
  • About
  • Advertise
  • Careers
  • Contact Us
Monday, August 11, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Business StartUPs

Chowdeck Secures $9 Million to Drive Quick Commerce Expansion Across West Africa

by Joan Aimuengheuwa
August 11, 2025
in StartUPs
0
Chowdeck Raises $9M Series A to Expand Quick Commerce in Nigeria and Ghana
L-r: Olumide Ojo, Lanre Yusuf, and Femi Aluko. founders, Chowdeck

L-r: Olumide Ojo, Lanre Yusuf, and Femi Aluko. founders, Chowdeck

UBA
Advertisements

Chowdeck, the Nigerian food delivery platform, has secured $9 million in Series A funding to speed up expansion across Nigeria and Ghana and roll out a quick commerce model. 

The investment round was led by Novastar Ventures, with participation from Y Combinator, AAIC Investment, Rebel Fund, GFR Fund, Kaleo, and HoaQ.

Co-founder and CEO Babafemi Aluko says the company will use the funds to extend its reach, shorten delivery times, and open new fulfilment hubs. “We’re thrilled about this round as it brings us closer to our vision of becoming Africa’s number one super app,” he said.

Founded in October 2021 by Aluko, Olumide Ojo, and Lanre Yusuf, Chowdeck has grown from 300 users to 1.5 million customers in under four years. It now operates in 11 cities, relying on a network of more than 20,000 riders. Over half of its deliveries in dense urban areas are made by bicycle, keeping costs low and operations sustainable.

The company’s entry into Ghana in May 2025 illustrates its measured approach. Within three months, it was processing 1,000 daily orders without paid advertising, targeting 5,000 by September 2025. Aluko insists the company doesn’t expand into any city without a plan to break even in weeks.

A major part of the new strategy is quick commerce, ultra-fast delivery using “dark stores” and hyperlocal logistics hubs. Chowdeck aims to open 40 such stores by the end of this year and 500 by 2026, adding two to three each week.

MTN ADS

The company has also moved into software. In June 2025, it acquired Mira, a point-of-sale provider for restaurants and hospitality businesses. Mira’s inventory tracking and order management tools will be integrated into Chowdeck’s platform, turning it into a combined logistics and operational support service for vendors.

The funding and expansion come at a time when several foreign competitors have scaled back operations in West Africa, including Bolt Food and Jumia Food. 

For lead investor Novastar Ventures, Chowdeck’s success lies in execution and local market knowledge. “Chowdeck is building the future of logistics for African cities,” said partner Brian Waswani Odhiambo. “With deep local insight, a sustainability-first approach, and impressive execution, it is redefining last-mile delivery on the continent.”

In 2024, the total value of meals delivered through Chowdeck was six times higher than the previous year, and by mid-2025, it had already surpassed that total. The company’s disciplined, profit-focused approach contrasts with global quick commerce players like Gorillas and Getir, which have burned through vast sums before retreating from markets.

With this latest round Chowdeck is strengthening its locally tailored model to capture market share and avoid the costly pitfalls that have tripped up others.

Loading

MTN ADS

0Shares

MTN ADS
Tags: African food deliveryAfrican logistics startupBabafemi AlukoChowdeckChowdeck fundingChowdeck Series Adark stores Africafood delivery startup NigeriaGhana delivery serviceGhana quick commercegrocery delivery Nigeriagrocery delivery West Africahyperlocal delivery Africalast-mile delivery AfricaMira acquisition ChowdeckNigeria food deliveryNovastar Venturesquick commerce Africarestaurant delivery Africa
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
Elektron Finance SPV Launches ₦200bn Bond Programme

Elektron Finance SPV Launches ₦200bn Bond Programme, Closes ₦4.64bn Series 1 Issue

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Dr Patrick Ede, DO, PPC Limited

PPC Predicts Top ICT Trends for 2023

3 years ago

SAS Cloud Revenues Grew 19% in 2021

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.