Chowdeck, a Nigerian on-demand food delivery startup, has raised $2.5 million in seed funding for operational enhancements and expansion to new cities in Nigeria. Chowdeck offers quick meal deliveries from various restaurants, with a 30-minute delivery promise. After participating in Y Combinator in 2022, the platform has gained over 500,000 users and 3,000 riders, operating in eight major Nigerian cities.
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With the new $2.5 million seed funding, Chowdeck plans to solidify its market leadership in these existing cities while laying the groundwork for expansion into additional Nigerian urban centers.
The funding round attracted investment from notable entities such as Y Combinator, Goodwater Capital, FounderX Ventures, Hoaq Fund, Levare Ventures, True Culture Funds, and Haleakala Ventures. Moreover, prominent industry figures, including Simon Borrero and Juan Pablo Ortega (co-founders of Rappi), Shola Akinlade and Ezra Olubi (co-founders of Paystack), Sudeep Ramani (Sportybet), Ayo Arikawe (Thrive Agric), and Karthik Ramakrishnan (Amazon), participated as angel investors.
CEO and co-founder of Chowdeck, Femi Aluko, expressed enthusiasm about the funding round, emphasizing the company’s commitment to providing exceptional food experiences for customers, vendors, and riders alike. Aluko also underscored Chowdeck’s mission to leverage the raised capital to expand its footprint across Nigeria, enriching the lives of its stakeholders and enhancing the accessibility of quality food options nationwide.
Launched in October 2021, Chowdeck’s success story exemplifies the growing demand for innovative food delivery solutions in Nigeria, and the company’s strategic vision positions it as a key player in shaping the future of the country’s food delivery industry.
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