Connect with us

Auto

ShapShap Gets Additional Funding from V8 Capital Partners

Published

on

ShapShap

By Adedapo Adesanya

Nigerian on-demand delivery startup, ShapShap, has secured a seed extension investment from V8 Capital Partners as it bids to expand its capabilities and move into more markets.

In December 2021, ShapShap raised an undisclosed seed funding from the Germany-based GreenTec Capital Partners, and it has now announced an extension to that round, secured from V8 Capital Partners through its Growth Labs Fund I.

The startup will use the new funding to expand its capabilities in last-mile delivery for businesses and individuals in Nigeria and other African countries soon.

Speaking on this development, Mr Khalil Halilu, CEO of ShapShap said, “Technology is aiding the ability for businesses globally to reach their consumers faster, and Africa is no different. We are building IP that makes last-mile logistics more effective.

“We have noticed a significant spike in distribution of goods and services through online channels and are committed to helping our clients succeed.”

On the part of Mr Tobi Oke, managing partner at V8 Capital Partners, “ShapShap’s unique approach to last-mile logistics and Khalil’s proven track record presents a unique investment opportunity.

“We are excited to partner with Khalil across various verticals working with several portfolio companies to deliver fully automated last-mile delivery infrastructure.”

Founded in 2019, ShapShap is an on-demand motorbike delivery service that utilises data and mobile technology to formalise the fragmented and highly inefficient same-day delivery service.

So far, the startup has completed over 40,000 deliveries in Lagos and Abuja.

Following the December seed, GreenTec supported ShapShap through its venture building model.

According to Mr Erick Yong, GreenTec Capital CEO, “ShapShap’s innovative approach to delivery and last-mile logistics has great potential to unlock vast opportunities in Nigeria and Africa’s enormous informal services and business markets.

“The platform’s features enable offering their services to a wide range of businesses that can benefit from an efficient and scalable logistics partner.”

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Auto

Lagos to Clampdown on Rickety Vehicles

Published

on

rickety danfos

By Adedapo Adesanya

The Lagos State government has expressed concerns over the growing number of rickety vehicles operating on Lagos roads, saying they pose a risk to commuters and road users in the cosmopolitan city.

The government, through Lagos State Vehicle Inspection Service (VIS), has advised Lagosians to be vigilant and avoid boarding rickety public vehicles known as danfos.

The Director of the agency, Mr Akin-George Fashola, said reassured members of the public that impounded rickety vehicles would not be released for further use.

In a statement via the Lagos Ministry of Transportation on X, formerly Twitter, Mr Fashola said the vehicles, including one he personally apprehended, were in extremely poor condition, describing them as poorly maintained, with outdated parts and lacking essential safety features essentially ticking time bombs on Lagos roads.

He emphasized that rickety vehicles have been linked to numerous accidents in the state, often resulting in loss of lives, injuries, and property damage.

Further highlighting the dangers, Mr  Fashola pointed out several critical issues common among the seized vehicles: unstable tires due to expiration, potential brake failure caused by makeshift repairs, and disjointed body compartments weakened by rust all of which render them unfit for commercial use.

He noted that many of these vehicles operate mostly at night, further increasing the risks to unsuspecting passengers, urging the public to prioritize safety by avoiding any vehicle that appears to be in a deteriorated condition.

He added that the VIS is working closely with relevant stakeholders, including road transport unions, to ensure Lagos roads remain safe for all users, encouraging members of the public to report any sightings or experiences with rickety vehicles via the VIS complaint platforms at info@dvis.lg.gov.ng, or through the Ministry of Transportation hotlines: 09020004000 and 09020009000.

Continue Reading

Auto

LASTMA to Arrest Commercial Bus Drivers for Illegal Parking, Others

Published

on

lastma korope commercial bus drivers

By Modupe Gbadeyanka

Commercial bus operators in Lagos State have been warned against route violations and illegal road parking across the metropolis or risk being apprehended to face the full wrath of the law.

This warning was given by the Special Adviser to Governor Babajide Sanwo-Olu on Transportation, Mr Sola Giwa, who said the government would no longer tolerate the excesses of the commercial bus drivers, especially those operating mini buses, colloquially known as Korope.

In a statement issued by the Director of Public Affairs and Enlightenment Department of the Lagos State Traffic Management Authority (LASTMA), Mr Adebayo Taofiq, the Governor’s aide emphasized the paramount necessity of unwavering adherence to traffic regulations, with particular regard to unauthorized route deviations.

According to him, the new directive is in alignment with the government’s overarching initiative to instil orderliness on Lagos roadways and ensure the uninterrupted flow of vehicular movement across the metropolis.

He further articulated that LASTMA operatives have been duly mandated to escalate enforcement strategies aimed at curbing reckless driving and unlawful practices that hinder urban mobility and disrupt the city’s traffic ecosystem.

Additionally, Mr Giwa issued a categorical directive against the indiscriminate occupation of public roadways for unauthorized parking and loading activities, which significantly aggravate traffic congestion and pose substantial risks to other road users.

He emphasized that, moving forward, all commercial operators must restrict their operations to designated bus stops and terminals to avert unwarranted impediments to vehicular circulation.

“Illegal parking and flagrant route violations have metamorphosed into a grave menace in Lagos, particularly due to the arbitrary conduct of mini bus operators. Such transgressions, which impede traffic fluidity and endanger public safety, will no longer be condoned.

“LASTMA has been expressly instructed to enforce absolute compliance with extant traffic laws and to apprehend defaulters accordingly,” Mr Giwa asserted.

“Furthermore, strict adherence to designated routes is imperative for security purposes, as it acts as a deterrent against unscrupulous elements who exploit commercial vehicles, particularly Korope, for illicit activities,” he added.

In light of these directives, LASTMA enjoins all road users, especially commercial transport operators, to cooperate fully with traffic enforcement authorities by adhering strictly to stipulated regulations and fostering a culture of responsible driving.

Continue Reading

Auto

inDrive Rewards Drivers for Dedication at Ramadan

Published

on

inDrive drivers ramadan

By Aduragbemi Omiyale

A leading global ride-hailing platform operating in 48 countries worldwide, including Nigeria, inDrive, recently rewarded some of its drivers for being active in the month of Ramadan.

The company, through a recently concluded weeklong campaign tagged inDrive Ramadan Drivers’ Initiative in Abuja, showered gift items on its drivers.

inDrive said the campaign fostered a deeper connection with its driver community, reaffirming its mission to empower and support those at the heart of its operations.

It underscored the brand’s ongoing efforts to foster a culture of recognition, appreciation, and financial support, ensuring drivers remain at the forefront of its mission to provide fair and people-first mobility solutions.

The platform, it was learned, recognized and rewarded drivers who went the extra mile to serve riders during the holy month of Ramadan, ensuring safe and reliable transportation for passengers.

The drivers were given thoughtfully curated hampers and other items, symbolizing inDrive’s deep appreciation for their commitment and exceptional service.

They were chosen after remaining online and consistently completing rides during the period for a special contest recognizing their dedication.

Speaking on the campaign, the Country Representative of inDrive in Nigeria, Mr Timothy Oladimeji, said, “At inDrive, we recognize the dedication and resilience of our drivers, especially during significant periods like Ramadan.”

“This initiative is our way of expressing gratitude and reinforcing our commitment to their well-being and success. We believe that when drivers feel valued and supported, they are better positioned to provide excellent service to riders,” he added.

Continue Reading

Trending