Chowdeck Secures $9m To Scale Up Operations And Launch New Commerce Strategy

Chowdeck, a Nigerian on-demand delivery startup, just announced a $9 million Series A funding round. 

The equity round was funded by Novastar Ventures, with participation from Y Combinator, AAIC Investment, Rebel Fund, HoaQ, and others.

Chowdeck will use the new funds to implement a quick commerce strategy and expand their presence in more cities in Nigeria and Ghana.

The raise comes after Chowdeck acquired Mira, a point-of-sale solutions provider for the food and hospitality industry, back in June.

The acquisition added Mira’s inventory management, financing, and payment processing tools to Chowdeck’s delivery platform.

Chowdeck also recently crossed the 1,000 daily orders milestone in Ghana, just three months after setting up shop in Accra. This feat took 11 months to reach back in Nigeria.

The funding signals a welcome development: investors are increasingly confident in funding local operators in the logistics sector that can bring deeper local insights, targeted and successful execution.

This is good news for a sector where foreign players like Jumia Food and Glovo struggled to turn profits in places like Nigeria and Ghana.

Femi Aluko, CEO and co-founder, said they will focus on improving growth plans, reducing delivery times, expanding their grocery footprint and attracting the talent needed to drive innovation in the startup. Chowdeck aims to open 40 distribution centers that exist exclusively for online shopping, known as dark stores, by the end of 2025. It hopes to establish 500 of these dark stores before 2027.