Novastar Ventures leads Chowdeck's $9m Series A round
Chowdeck, an on-demand delivery platform, has raised $9 million in Series A funding to expand into more cities across Nigeria and Ghana.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
Chowdeck, an on-demand delivery platform, has raised $9 million in Series A funding to expand into more cities across Nigeria and Ghana.
The round was led by Novastar Ventures, with participation from Y Combinator, AAIC Investment, Rebel Fund, GFR Fund, Kaleo, HoaQ and others.
The new funding will enable faster, more reliable delivery of food, groceries and medicine. The quick commerce strategy – supported by dark stores and hyperlocal logistics – will further enhance delivery speed, improve depth of coverage, and accelerate expansion into additional cities across Nigeria and Ghana that are not yet served.
With over 1.5 million customers and more than 20,000 riders across 11 cities, Chowdeck’s tech-enabled logistics network enables businesses to deliver orders in an average of 30 minutes, while offering customers a platform to access meals, groceries, and everyday essentials.
Femi Aluko, CEO and co-founder of Chowdeck said: “We’re thrilled about this round as it brings us closer to our vision of becoming Africa’s number one super app, transforming how millions of Africans access food, groceries and essentials every day. This funding will supercharge our growth plans, enabling us to expand into more cities, reduce delivery times, scale our grocery footprint, and attract the best talent to drive innovation and customer satisfaction.”
Brian Waswani Odhiambo, partner at Novastar Ventures said: “Chowdeck is building the future of logistics for African cities by creating a platform that benefits consumers, vendors and riders alike. With deep local insight, a sustainability-first approach and impressive execution, Chowdeck is redefining last-mile delivery on the continent. We’re very excited to partner with Chowdeck in this next phase of growth as it scales its offering and helps create a more inclusive, sustainable and efficient urban economy.”
Read more from How we made it in Africa: Lagos-based investor reveals tech investment opportunities in West Africa
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe now