Kwik Delivery Grows GMV, Revenue by 400% in 2021
By Adedapo Adesanya
Kwik Delivery has disclosed that its gross merchandise value (GMV) and revenue grew by over 400 per cent year-on-year in 2021.
GMV is a growth metric that shows the total value of merchandise sold over a given period of time through a customer-to-customer exchange site.
The platform also reached 100,000 business-to-business (B2B) users during the period.
Kwik Delivery is a digital platform connecting delivery partners and corporate customers in large African cities and offering digital solutions for e-commerce payment and fulfilment.
The service was launched in June 2019 and opened to B2B customers in Lagos, Nigeria, and has since rapidly expanded both in terms of customer base and services.
Speaking in this development, Mr Romain Poirot-Lellig, Founder & CEO of Kwik Delivery said, “2021 has seen explosive growth of our delivery service as merchants and businesses have shifted more and more of their distribution structures toward e-commerce platforms.”
“Kwik is one of the few digital players able to propose access to end-to-end fulfilment and delivery services to its customers,” he further said.
He added, “We believe this trend will create further growth for 2022 and beyond as businesses go digital and streamline their supply chains. We anticipate similar growth for fiscal 2022 as we expand our current verticals and launch new digital services, in particular, to help merchants go online and grow their business.”
The past year was also one of recognition for Kwik Delivery as the company was named Most Innovative Logistics Company of the Year by the influential Nigerian business publication BusinessDay.
In March 2021, Business Post reported that Kwik Delivery closed its pre-Series A financing round, raising $1.7 million in equity from institutional and high net worth investors.
The company used the financing round to grow its service faster to disrupt and conquer new markets as well as expand to the Federal Capital Territory (FCT).
It also signed fresh ambassadors including Nigerian football legend, JJ Okocha and celebrity biker, Fehinty, and also deliver better packages in the delivery space.