Nigerian fragmented logistics and delivery startup, ShapShap, has received an undisclosed investment sum from GreenTec Capital Partners, an Africa-focused venture capital firm.
ShapShap was launched in 2019 by Khalil Halilu to provide an all-in-one platform designed to ease delivery for all stakeholders. The startup is currently involved in servicing logistics, food delivery, and retail deliveries.
Clients may find a variety of services and products, and delivery employees can simply earn money servicing various vendors, thanks to the platform’s B2B and B2C channels, which allow merchants to quickly provide customers with easy delivery alternatives.
ShapShap is currently operating in Abuja and Lagos, Nigeria, using an all-in-one platform that connects customers, drivers, and merchants.
Erick Yong, GreenTec Capital CEO speaking said that ShapShap’s significant traction drew its attention. He also noted that more than 30,000 orders have been processed for more than 4,000 consumers on ShapShap’s platform, and the company now works with more than 100 merchants.
“ShapShap’s innovative approach to delivery and last-mile logistics has great potential to unlock vast opportunities in Nigeria and Africa’s enormous informal services and business markets.
The platform’s features enable offering their services to a wide range of businesses that can benefit from an efficient and scalable logistics partner” said Erick.
The latest investment by Greentec Capital Partners is one way the VC firm is consolidating its logistics portfolio. GreenTec will help ShapShap accelerate its scaling process through the VC’s Venture Building concept under the terms of the agreement.