Errand360, Nigerian bicycle-based delivery service secured pre-seed funding

Errand360, a bicycle community delivery network, has secured an unknown amount of pre-seed capital to grow across Africa. Errand360 was created to offer consumers with the need for quick and short errands inside local communities, as well as on-demand delivery services.

Errand360 bicycles were launched early this year to provide consumers with a range of delivery services, with the initial phase of deployment commencing in Lagos and users being able to access its services via a smartphone app.

“We spotted a need for fast and affordable deliveries, and a need for short errands for people within a community, and this is what inspired our model,” founder Adele Adetola told Disrupt Africa at the time.

The firm has received pre-seed money, which will be used to purchase infrastructure, develop, and grow its business across Africa. Prof Ndubuisi Ekekwe of Tekedia Capital chaired the round.

“Errand360 is building one of the most important infrastructures in the last mile logistics categories in Africa in a sustainable way. By using bicycles to deliver goods, I saw a vision structured to protect our environment even when providing critical services in the economy. This is an amazing playbook, run by brilliant young people. And with that, the whole fundraising process happened within two weeks,” Ekekwe said.