Nigeria’s Kwik Delivery start-up plans to expand outside its original Lagos market after completing a $2m fundraising, CEO Romain Poirot-Lellig tells The Africa Report.
Abuja is the first Nigerian city on the list, and Poirot-Lellig expects to be operating there by the end of January. He also wants to expand outside Nigeria, with Accra a possible target.
The $2m fundraising was divided roughly equally between Nigerian and international investors. The money raised will be enough for the time being, Poirot-Lellig says. “I don’t believe in over-spending.”
Poirot-Lellig set up Kwik in Lagos in June 2019. The company provides B2B and B2C deliveries, with parcels varying from pharmaceutical products and food during lockdown to spare parts for cars, cosmetics and hair extensions. Having started off with motorbikes, the company in November started truck deliveries.
Read more: The Africa Report