Nigeria’s Logistics Startup Errand360 raises pre-seed funding

Nigeria’s Logistics Startup Errand360 raises pre-seed funding

Nigerian bicycle community delivery startup Errand360, has raised an undisclosed amount of pre-seed funding to expand across Africa. The round was led by Prof Ndubuisi Ekekwe of Tekedia Capital.

Errand360 launched by Adele Adetola earlier this year has used its fleet of bicycles to serve users with a variety of delivery services in Lagos.

The startup was built to serve users looking for quick and short errands within their communities and on-demand delivery services.

Founder, Adele Adetola, speaking said that the business model was inspired by the increasing demand for fast and affordable delivery services within the state.

“We spotted a need for fast and affordable deliveries, and a need for short errands for people within a community, and this is what inspired our model,” said Adetola.

Prof Ndubuisi Ekekwe of Tekedia Capital, also added that the round will be used to acquire infrastructure, expand, and grow its business across the whole of Africa.

“Errand360 is building one of the most important infrastructures in the last mile logistics categories in Africa in a sustainable way. By using bicycles to deliver goods, I saw a vision structured to protect our environment even when providing critical services in the economy.

This is an amazing playbook, run by brilliant young people. And with that, the whole fundraising process happened within two weeks,” Ekekwe said.

 

Author

  • Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

Joel Nwankwo

Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

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