Nigerian on-demand delivery service startup Chowdeck has secured $2.5 million in seed funding from investors including FounderX Ventures, True Culture Funds, and Y Combinator. Chowdeck has rapidly expanded to five hundred thousand users across eight Nigerian cities, bolstered by exclusive deals with major brands like Chicken Republic and Shoprite. With plans to scale services to more cities, Chowdeck aims to streamline food delivery for Nigerians, tapping into a market projected to reach $2.83 billion in revenue by 2024. Despite challenges in Nigeria's delivery landscape, including fuel scarcity and traffic, Chowdeck's focus on profitable unit economics and hyperlocal operations has propelled its growth, processing fourteen thousand deliveries daily and offering sustainable compensation for its three thousand riders.
Chowdeck's success highlights its commitment to delivering excellent customer experiences while navigating Nigeria's complex delivery ecosystem. By prioritizing profitability and efficient operations, Chowdeck has differentiated itself in a competitive market, positioning itself for further expansion and impact in the Nigerian on-demand delivery sector.