A Lagos-based food delivery startup Chowdeck, has secured $9 million in Series A funding to launch a quick commerce strategy and expand operations in Nigeria and Ghana.
The equity round was led by Novastar Ventures, with participation from Y Combinator, AAIC Investment, Rebel Fund, GFR Fund, Kaleo, HoaQ and others.
Founded in 2021 by Femi Aluko, Olumide Ojo, and Lanre Yusuf, Chowdeck has remained profitable in a sector where global players have struggled.
Meanwhile, Chowdeck operates in 11 cities across the two countries, serving 1.5 million customers through a network of more than 20,000 riders.
Its logistics system averages 30-minute deliveries, with over half of trips in dense areas made by bicycle.
The new funds will support the rollout of ultra-fast delivery using dark stores and hyperlocal hubs, with plans for 40 stores by year-end and 500 by 2026.