Nigerian on-demand delivery startup, ShapShap closes Seed Extension Round Led by V8 Capital Partners

Nigerian on-demand delivery startup, ShapShap closes Seed Extension Round Led by V8 Capital Partners

ShapShap, a Nigerian on-demand delivery startup, has closed a seed extension round led by V8 Capital Partners to accelerate its development beyond its existing base of operations in Nigeria and expand its capabilities across new markets in Africa.

ShapShap secured an undisclosed seed round from Germany’s GreenTec Capital Partners in late 2021, and it has now announced a financing extension from V8 Capital Partners’ Growth Labs Fund I.

The startup also uses B2B and B2C channels to provide merchants and customers with seamless delivery alternatives. As a result, customers discover various services and products, and delivery employees can make money by working for multiple suppliers.

This fresh funding will help the firm expand its last-mile delivery services for businesses and people in Nigeria and other African countries.

ShapShap was launched in 2019 by Khalil Halilu as an all-in-one platform that links consumers, drivers, and merchants. It uses data and mobile technologies to formalize the African powerhouse’s fragmented and inefficient same-day delivery service. Since its start, it claims to have performed over 40,000 deliveries in Lagos and Abuja.

ShapShap’s CEO, Khalil Halilu, reiterates the company’s dedication to improving last-mile logistics and assisting its clients in their success.

“Technology is aiding the ability for businesses globally to reach their consumers faster, and Africa is no different. We are building IP that makes last-mile logistics more effective. We have noticed a significant spike in the distribution of goods and services through online channels and are committed to helping our clients succeed.”

“ShapShap’s unique approach to last-mile logistics and Khalil’s proven track record presents a unique investment opportunity. We are excited to partner with Khalil across various verticals working with several portfolio companies to deliver fully automated last-mile delivery infrastructure,” said Tobi Oke, managing V8 Capital Partners.