Nigeria’s Chowdeck raised $2.5 M Seed funding to optimise on-demand food delivery

Chowdeck, an on-demand food delivery startup based in Nigeria, has raised US $2.5 million in seed money to improve operations and enable growth into additional cities throughout the nation.

Chowdeck, which debuted in October 2021, lets users order food from a range of restaurants and have it delivered in 30 minutes to their door.

As a 2022 participant in the Y Combinator accelerator program, Chowdeck now serves eight Nigerian cities: Lagos, Abuja, Ibadan, Port-Harcourt, Ilorin, Benin City, Abeokuta, and Asaba. It also boasts over 500,000 users and over 3,000 riders.

Now that it has secured US $2.5 million in seed money, it will be able to build on its current market dominance in these cities and prepare the way for future growth into additional Nigerian cities.

Y Combinator, Goodwater Capital, FounderX Ventures, Hoaq Fund, Levare Ventures, True Culture Funds, and Haleakala Ventures were among the investors in the round. Co-founders of Rappi, the biggest online delivery platform in Latin America, Simon Borrero and Juan Pablo Ortega; co-founders of Paystack, Shola Akinlade and Ezra Olubi; angel investors Sudeep Ramani (Sportybet); Ayo Arikawe (Thrive Agric); and Karthik Ramakrishnan (Amazon) also took part.

“We know that Nigerians love good food, and we just want to make it as easy as possible for them to access the food they desire. Chowdeck was birthed to fulfil this purpose and we are committed to delivering truly excellent experiences for our customers, vendors and riders. We are pleased with the success we have achieved to date and excited to have raised these funds that will enable us to replicate that success in more parts of Nigeria, and add value to our customers, vendors, and riders in as many ways as we can,” said Femi Aluko, CEO and co-founder of Chowdeck.

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