Chowdeck has raised $9 million in Series A funding to develop its quick commerce strategy and expand into more cities in Nigeria and Ghana. The round was led by Novastar Ventures and includes participation from various investors. CEO Femi Aluko stated that the funding will accelerate growth, reduce delivery times, and enhance talent acquisition. Founded in 2021, Chowdeck operates across 11 cities, catering to 1.5 million customers with over 20,000 riders, averaging a delivery time of 30 minutes per order. Plans include launching 40 dark stores this year and scaling to 500 by 2026.
Chowdeck, a Lagos-based food delivery startup that has stayed profitable in a notoriously tough and low-margin market, has raised $9 million in Series A funding to launch a quick commerce strategy and expand into more cities in Nigeria and Ghana.
The new funding will help Chowdeck roll out quick commerce, ultra-fast delivery backed by a network of dark stores and hyperlocal logistics hubs. The company plans to open 40 dark stores by the end of this year and 500 by the end of 2026.
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