Delivery of Nigerian food, profit

ChodecLagos -based emerging company, it remained profitable in A. Difficult and low margin marketI raised $ 9 million of financing from the A series A to launch a quick business strategy and expand more cities in Nigeria and Ghana.

The stock tour led Novastar Ventures, with the participation of Y Combinator, AAIC Investment, Rebel Fund, GFR Fund, Kaleo, Hoaq and others. Investors are betting on the team’s ability to associate the local market experience in implementation and transforming a difficult and reputable sector into a profitable, food, grocery and necessity application.

“We are happy with this tour because it brings us closer to our vision to become a great application in Africa,” CEO and co -founder Vimi Awlako He said. “This financing will increase our growth plans, allowing us to expand more cities, reduce delivery times, expand the grocery fingerprint, and attract the best talents to push innovation and customer satisfaction.”

Founded in October 2021 by Aluko, Rainer’s porchAnd Lynir YoussefChowDeck is now working in 11 cities throughout Nigeria and Ghana, serving 1.5 million customers with a network of more than 20,000 contestants. Its average logistical system is 30 minutes per request, and in dense areas, more than half of the bike delivery processes.

While the prominent players have gone out or expanded their African operations, Chodec was based on the complexity of local markets – controlling local meals, a more difficult challenge in terms of operational – to build confidence with customers.

In 2024, the value of meals delivered through ChowDecK grew more than six times the previous year. This year, the company says it has approved its total 2024 before July.

The new financing will help Xodic for fast trade, and very fast delivery supported by a network of dark stores and excessive logistical centers. The company plans to open 40 dark stores by the end of this year and 500 stores by the end of 2026, with two new stores launch every week. Chodec A collection of $ 2.5 million Seed round last year.

Delivery of food is a crowded work in the world, but when it is done well, this has led to some other major companies such as Doordash.

Fast trade, on the other hand, was a dense capital gamble in most markets. In Europe, Gorilla It was burned through hundreds of millions of dollars before declining or unifying. In India, like platforms like flashand Zipto and Swiggy They had different levels of success with the model when it comes to profitability.

ChowDeck has been profitable since then before this increase, and Aluko says that the company does not enter cities or vertical without planning a fracture even within two weeks.

For example, the food delivery platform Ghana entered this May. Within three months, She was dealing with 1000 daily requests Without paid ads, which, according to Aluko, came from the pent -up demand for a local favorite service alongside international cuisine. The company aims to clarify this folder to 5,000 daily requests by the end of September 2025.

Aluko says that ChowDECK plans to apply the same PlayBook book on Dark Store, which will complete restaurants and groceries.

These operations will be other vertical software. In June, YC Mira’s subsidized startup has been obtainedPoints to sell for African Food and Hospitality Companies. Mira tools, inventory management and orders in actual time; Now, ChowDeck will help improve its operations, as the company has placed as a vertical provider in Saas-Plus-Logists for restaurants.

Chaudic lifting is a victory for local players in the sector, After Jumia’s exit Left market share for foreign brands such as Glovo, Bolt Food and Yango. yet, Some of these companies I also withdrew From some marketsIncluding Nigeria and Ghana, which is now targeting Codec.

Super applications such as Gozem, supported YassirAnd Mnt-HALAN They are other local companies that provide food delivery services in other African markets.

“The market is very early,” Aluko said. “Customer behavior turns online for the first time. A whole generation grows in ordering food without walking in some restaurants or markets on our platform.”

For the main investor Novastar Ventures, the bet on implementation and local insight. “With the deep local insight, the first sustainability approach, and impressive implementation, it redefines the delivery of the continent on the continent.”