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Fundraising: Chowdeck obtains $9 million to accelerate its expansion

15/08/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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Nigerian on-demand delivery platform Chowdeck has raised 9 million US dollars in Series A funding to expand to more cities in Nigeria and Ghana and launch a fast-paced commerce strategy that will increase the speed and efficiency of its grocery delivery and local market services.

Chowdeck's Series A is one of the few growth-stage fundraisers completed by Nigerian startups this year, a testament to continued investor confidence in the company's trajectory. According to Aluko, Chowdeck did not plan to raise funds, but the strong momentum observed in 2024 aroused considerable interest from investors. The startup's latest funding — a $2.5 million seed round — took place in April 2024. Aluko refused to disclose the company's current valuation

.

At the same time, food delivery remains Chowdeck's main revenue driver, even as the business is becoming more and more diversified. In 2024, she launched Chowpass, a monthly subscription offering benefits such as free shipping on orders over 3,000 , service fees r é duits et une exp Summer rience d' achat sans publicit style="font-family: "Bookman Old Style”, serif">. é é According to Aluko, this subscription quickly became essential. é of Chowdeck é 's business, with over 70% of users renewing their

subscription every month.
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