Nigerian Start-Up Kwik Delivery Secures Pre-Series A Funding
Nigerian Start-Up Kwik Delivery Secures Pre-Series A Funding. Lagos-based Kwik Delivery platform operated by Africa Delivery Technologies has secured $1.7-million in a Pre-Series A funding round from undisclosed institutional and high net worth investors. Romain Poirot-Lellig, founder and CEO of Kwik Delivery told Venture Burn about the company’s exceptional growth and what the investment means for the startup. “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. This financing round is enabling us to grow even faster and to disrupt and conquer new markets.”
Kwik uses the power of technology to give its clients more visibility and more flexibility for their urban, last-mile shipments. Its platform cuts the unnecessary logistics steps to make B2B deliveries more affordable, without hidden costs. It commits to deliver within 2 hours max in the urban areas where it operates.
All its bikes are equipped with insulated box that can accommodate most of their clients’ business needs. Frozen foods can be kept in the boxes for up to 4 hours. According to Venture Burn, The tech start-up aims to become an integral participant in the structure, facilitation, and growth of the eCommerce sector in Sub-Saharan Africa. Through an easy-to-use delivery app available on both iOS and Android, businesses are able to deliver products across the city of Lagos.
Its vans and other utility vehicles are available at the client’s fingertips for quick pick-up and delivery. With maximum weight of 1,500 kg, the company assures clients that it will not leave them stranded. It also has trucks that are available to ensure inclusion of large items. With trucks capacity from 3 Tons to 5 Tons, Kwik has provided options to meet delivery specifications. This service comes with an optional offering of “loaders” to take care of loading and offloading of the cargo.
Running a business involves constant learning curves and as a business owner, a comprehensive grasp of basic business opportunities is pivotal to improving the business, this is why the company is planning on expanding into new markets with this investment.
