Lagos-based food delivery startup, Chowdeck, has raised $9 million in Series A funding to scale operations in Nigeria and Ghana and launch a quick commerce model for ultra-fast delivery of food, groceries, and essentials.
The round was led by Novastar Ventures with backing from Y Combinator, AAIC Investment, Rebel Fund, GFR Fund, Kaleo, HoaQ, and others. Funds will go into setting up 40 dark stores by 2025 and 500 by 2026, alongside hyperlocal logistics hubs to slash delivery times.
Founded in 2021, Chowdeck serves 1.5 million customers in 11 cities, operating with 20,000+ riders and an average delivery time of 30 minutes. Over half of orders in high-density zones are fulfilled via bicycles.
Read also:
- FG begins ₦10m interest-free loan disbursement to tertiary staff
- REA, Gombe partner to power 100 SMEs with clean energy
- FG launches RHAMP to empower agri MSMEs
- Youth Ministry unveils electric tricycle scheme for green empowerment
- NITDA seeks media partnership to drive digital economy
CEO Femi Aluko said the investment brings the firm closer to becoming “Africa’s number one super app.” The company, profitable since launch, saw 2024 order value grow sixfold compared to 2023 — and surpassed the 2024 total before mid-2025.
Chowdeck’s June 2025 acquisition of Mira added point-of-sale and SaaS solutions for restaurants, strengthening its tech backbone.
Discover more from SMALL BUSINESS INSIGHTS
Subscribe to get the latest posts to your email.
