Profitable Nigerian food delivery Chowdeck lands $9M from Novastar, Y Combinator
- Chowdeck raised $9 million in Series A funding to expand its quick commerce strategy.
- The startup operates in 11 cities across Nigeria and Ghana, serving 1.5 million customers.
- Chowdeck plans to open 40 dark stores by the end of 2024 and 500 by 2026.
Chowdeck's strategic approach to leveraging local market insights and focusing on customer satisfaction positions it well for future growth in a challenging industry. The company's ability to remain profitable while expanding rapidly is commendable and could serve as a model for other startups in the food delivery sector. However, the sustainability of its aggressive expansion and quick commerce strategy remains to be seen, especially in a market where many have struggled.
