Breaking: Kwik Delivery Raises $1.7m pre-Series A Fund to Drive Expansion into New Markets
Kwik Delivery, a Lagos-based last-mile delivery startup has raised $1.7 million in its pre-Series A financing round. The funding was as equity from institutional and high net worth investors.
According to its Founder & CEO, Romain Poirot-lellig, the latest funding will be used to grow the company faster and conquer new markets.
Launched in 2019, Kwik Delivery is an on-demand, last-mile delivery platform that connects African businesses to independent delivery riders, dubbed Kwiksters.
Kwik Delivery is the trading name of Africa Delivery Technologies SAS.
The company services B2B and B2C deliveries, with parcels varying from pharmaceutical products to spare parts for cars, cosmetics, and food during the lockdown.
Since its launch, the company has grown considerably. The company commenced its truck deliveries arm in November 2020. The following month, it raised $2 million from a combination of Nigerian and international investors.
Last week, the company launched its last-mile delivery service in Abuja and currently offers 1-hour delivery through its fleet of bike delivery partners. It also provides access to a host of 4-wheel vehicles in the country’s capital.
Romain believes Kwik Delivery has demonstrated to customers and investors alike its efficiency as well as the relevance of its bold technology-based approach during a most challenging period.
With its latest funding, the company plans to solidify its market in Abuja and also expand into new markets.
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