Chowdeck Secures $9M Series A to Accelerate Quick Commerce and Expand Across Nigeria and Ghana
Chowdeck, a rapidly ascending on-demand delivery platform in Africa, has successfully closed a Series A equity funding round, raising an impressive $9 million. This significant investment is poised to fuel the company’s ambitious strategy to roll out advanced quick commerce services and substantially broaden its operational footprint across key cities in Nigeria and Ghana. The funding marks a pivotal moment for Chowdeck as it aims to redefine the efficiency and speed of delivery services in the region.
# Fuelling Hyperlocal Logistics and Regional Expansion
This substantial capital infusion will empower Chowdeck to execute its vision of delivering groceries, meals, and essential medicine with unprecedented speed. A core component of this strategy involves leveraging dark stores and sophisticated hyperlocal logistics models. The focus will be on targeting and serving new cities, particularly those currently underserved by existing delivery infrastructure. Chowdeck’s current operational scale is notable, boasting over 1.5 million customers and a vast network of more than 20,000 riders spread across 11 cities, consistently maintaining an average delivery time of just 30 minutes. The Series A round was led by Novastar Ventures, with robust participation from other prominent investors including Y Combinator, AAIC Investment, Rebel Fund, GFR Fund, Kaleo, and HoaQ. Chowdeck emphasizes that these new strategic partners bring invaluable sector expertise, extensive global networks, and crucial operational know-how, all essential assets for navigating the unique logistical complexities and challenges inherent in the African market. This collaboration is expected to accelerate Chowdeck’s growth trajectory, enhancing its capacity to meet the surging demand for efficient on-demand services across the continent.
The successful funding round positions Chowdeck not only for rapid expansion but also to cement its leadership in Africa’s burgeoning quick commerce sector, contributing significantly to the digital transformation of local economies.
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