By Adedapo Adesanya
Logistics company, Kwik Delivery, has closed its pre-Series A financing round, raising $1.7 million in equity from institutional and high net worth investors.
The company is seeking to use the financing round to grow its service faster and to disrupt and conquer new markets following its recent expansion to the Federal Capital Territory (FCT) some days ago.
The investors in the pre-series round were not disclosed but the funding signifies the take-off of the service which is in its second year of operation.
Speaking on this, the founder & CEO of Kwik Delivery, Mr Romain Poirot-Lellig said, “Kwik Delivery has demonstrated to customers and investors alike its efficiency as well as the relevance of its bold technology-based approach during a most challenging period”
“This financing round is enabling us to grow even faster and to disrupt and conquer new markets.”
Earlier this week, Kwik launched its breakthrough, just-in-time delivery service to businesses, government agencies, and merchants in Abuja.
About this move, Mr Poirot-Lellig said, “Kwik’s breakthrough delivery platform will enable businesses and government agencies to gain productivity and to optimize logistical expenses in the nation’s capital.”
Launched in 2019, Kwik Delivery is an on-demand, last-mile delivery platform that connects African businesses to independent delivery riders, dubbed Kwiksters.
The Kwik platform is currently open to Kwiksters operating in Lagos State. The Kwik Delivery app is available on iOS and Android. Kwik Delivery is the trading name of Africa Delivery Technologies SAS.
Modupe Gbadeyanka