Can Delivery Science Become a Big Player in Nigeria’s Big Data Industry?

Delivery Science

These days, quite a lot of companies are increasingly becoming data-driven. Their operations and investment choices are dictated by analyzing large sets of seemingly minute data. However, most Nigerian companies do not handle these tasks themselves; they outsource the job to other expert companies, like Google and Microsoft.

Thankfully, one company  in Nigeria is providing the same outstanding services. Meet Delivery Science, a Yaba-based tech company specializing in big data analytics and software as a Service (SaaS) tools.

About Delivery Science

Delivery Science is not exactly a new company; Chuka Ofili, Lanre Oyedotun and Toyin Oshinowo founded the company way back in 2014.  The motivation for starting Delivery Science was borne out of Lanre’s own personal experience running an oil distribution company. Though it wasn’t a very memorable experience, Lanre learnt an invaluable lesson: Businesses perform better when they are guided by the right data.

The crew, therefore, created Delivery Science to provide businesses with insightful tools to help them make the most of their business operations. According to the company, “We are actually using a third world solution to create solution to a third world problem.”

Localizing SaaS for Nigerian Companies

Delivery Science has an array of services that, frankly, tilts between big data and logistics. Delivery Science developed Field Insight, an impressive service that defines everything Delivery Science stands for.

Field Insight is a SaaS tool with a bunch of other tools within it for different operational needs. These include data aggregation (for data collection and sorting), cash payment, order management, and real time interactive live reporting (for data analysis).

In sum, Field Insight possesses Human Resources Management tools, Inventory Management and Geolocation tools. These three tools when used together, provide invaluable insights to businesses.

Funding and Revenue Model

The startup is getting quite a lot of support for its innovation. According to data on the Crunchbase website, Delivery Science has raised nearly $690,000. Its first funding round in 2014 saw it raise $500,000 from CRE Venture Capital (also known as the Africa Angels Network).

In sum, Field Insight possesses Human Resources Management tools, Inventory management and geolocation tools. Three tools that when used together provide invaluable insight to businesses.

Funding and Revenue Model

The startup is getting quite a lot of support for its innovation. According to data on the Crunchbase website, Delivery Scinec has raised nearly $690,000. It’s first funding round in 2014saw it raise $500,000 from CRE Venture Capital (also known as the Africa Angels Network).

However, its most recent funding round saw it raise $50k from the Google Launchpad Accelerator.

On its part, Delivery Science uses a subscription model for its operations. Clients can choose to subscribe monthly or annually to its SaaS offerings.

Challenges

Although it has been getting rave reviews from multiple quarters, Delivery Science is still far away from a home run. It still has to do quite some work to get more and more companies on board as clients.

For instance in 2015, it had 40 prospective clients already signed on. Meanwhile, it had only 3 paying customers at the time. That says a lot about how tentative Nigerian companies are about startups. It still needs to do a whole lot to convince companies that it is on par with offerings by SAGE and Microsoft.

We’ll be keeping an eye on this startup as it scales and charts a new course in the big data industry of Nigeria.


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