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August 18.2025

2 Minutes Read

Chowdeck's Profitable Food Delivery Model Secures $9M Funding for Growth

Chowdeck delivery riders with branded bags in city street.

Chowdeck's New Funding and Future Prospects

Chowdeck, a Lagos-based food delivery startup, has recently secured $9 million in Series A funding to enhance its operations, positioning itself as a strong player in the African food delivery market. With backing from notable investors like Novastar Ventures and Y Combinator, the company is set to expand its quick commerce strategy while aiming for significant growth across Nigeria and Ghana.

Turning Challenges into Opportunities

In a landscape where many competitors have diminished their presence or even exited, Chowdeck has thrived by embracing local complexities. The startup has successfully built trust with its customer base, emphasizing local meals and utilizing a network of over 20,000 riders that can deliver orders within an average of just 30 minutes. This strategic move has not only catered to regional tastes but also established a reliable service that enhances user satisfaction.

A Model for Future Investments

The significance of Chowdeck's funding round transcends the monetary value — it serves as a model for future investments in African startups. Investors are increasingly recognizing the potential for profitability in what is often deemed a challenging market. Chowdeck’s performance, with meal delivery values reportedly growing sixfold from the previous year, showcases a burgeoning appetite for innovation within the sector. In fact, the company surpassed its 2024 totals well before July of this year, illustrating a robust demand for its services.

Envisioning a Super App Future

Femi Aluko, CEO and co-founder, expressed ambitious goals to transform Chowdeck into Africa's premier super app, a multifaceted platform for food, groceries, and essentials. With plans to open 40 dark stores by the year's end — expanding to 500 by 2026 — the startup aims to revolutionize customer convenience with ultra-fast delivery backed by hyperlocal logistics frameworks.

Call to Action: Invest in the Future of Food Delivery

Chowdeck’s rapid ascent illustrates a valuable lesson for financial institutions and service providers: investment in startups that combine local knowledge with innovative logistics can yield substantial return on investment. Now is the time to be part of this movement and explore opportunities within Africa's growing tech market.

Entrepreneurship & Startups

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Chowdeck's Profitable Food Delivery Model Secures $9M Funding for Growth

Chowdeck's New Funding and Future Prospects

Turning Challenges into Opportunities

A Model for Future Investments

Envisioning a Super App Future

Call to Action: Invest in the Future of Food Delivery

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