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August 11.2025

2 Minutes Read

Chowdeck's $9M Investment: A Game-Changer for Food Delivery in Nigeria

Chowdeck branded delivery riders ready to hit the road, showcasing investment in food delivery.

Chowdeck: Redefining Food Delivery in Nigeria

In a landscape where food delivery services often struggle to maintain profitability, Chowdeck, a Lagos-based startup, has recently made waves by raising $9 million in Series A funding. The round was led by Novastar Ventures, with significant participation from Y Combinator and other key investors. This major investment signifies confidence in Chowdeck's ability to thrive in the competitive African market.

A Vision for Super App Expansion

The funds will accelerate Chowdeck's growth as it endeavors to become Africa’s top super app for food and groceries. According to CEO and co-founder Femi Aluko, the company intends to expand its operational reach across more cities in Nigeria and Ghana. Their quick commerce strategy aims to enhance delivery speed, with a target of opening 40 dark stores by the end of this year and 500 by 2026.

Local Expertise Reshaping Market Dynamics

Founded in 2021, Chowdeck has managed to serve over 1.5 million customers through its network of more than 20,000 riders. Unlike competitors who have scaled back, Chowdeck is embracing local complexities by delivering traditional meals and establishing trust within communities. Their innovative logistics system enables 30-minute delivery, which is a notable feat in dense urban areas, where over half of orders are delivered by bicycle.

Impressive Growth Metrics

In 2024, Chowdeck's meal delivery value grew over sixfold year-on-year, marking a significant leap. This trend continued in early 2025, as the company reported having surpassed the total value of meals delivered in all of 2024 before mid-year.

Future-Focused Operations

The strategic implementation of hyperlocal logistics hubs and dark stores will not only enhance delivery capabilities but also position Chowdeck favorably against potential market challenges. Their approach signifies a broader shift in the food delivery domain towards rapid, reliable, and local service.

Your Opportunity to Learn and Invest

As Chowdeck continues to scale its operations successfully in a challenging market, their trajectory holds lessons for aspiring entrepreneurs. Understanding their strategic moves may be essential for those looking to navigate the startup landscape effectively.

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Chowdeck's $9M Investment: A Game-Changer for Food Delivery in Nigeria

Chowdeck: Redefining Food Delivery in Nigeria

A Vision for Super App Expansion

Local Expertise Reshaping Market Dynamics

Impressive Growth Metrics

Future-Focused Operations

Your Opportunity to Learn and Invest

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