Nigerian Bicycle Delivery Service Errand360 Secures Pre-Seed Funding
Errand360 was created to offer consumers with need for quick and short errands inside local communities, as well as on demand delivery services.
By Omotayo Olutekunbi
Errand360 bicycles were launched early this year to provide consumers with a range of delivery services, with the initial phase of deployment commencing in Lagos and users being able to access its services via a smartphone app.
Adele Adetola, the company’s founder, told Disrupt Africa at the time that, “We spotted a need for fast and affordable deliveries, and a need for short errands for people within a community, and this is what inspired our model,”
The firm has received pre-seed money, which will be used to purchase infrastructure, develop, and grow its business across Africa. Prof Ndubuisi Ekekwe of Tekedia Capital chaired the round.
“Errand360 is building one of the most important infrastructures in the last mile logistics categories in Africa in a sustainable way. By using bicycles to deliver goods, I saw a vision structured to protect our environment even when providing critical services in the economy. This is an amazing playbook, run by brilliant young people. And with that, the whole fundraising process happened within two weeks,” Ekekwe said.
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