ShapShap, a Nigerian on-demand delivery startup, has secured a seed extension investment from V8 Capital Partners in order to grow its capabilities and enter new markets.
The new funding will be used to develop the startup’s capabilities in last-mile delivery for businesses and individuals in Nigeria, with plans to extend to other African countries in the near future.
“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,” said Khalil Halilu, CEO of ShapShap.
ShapShap is an on-demand motorcycle delivery service founded in 2019 that uses data and mobile technology to formalize the fragmented and inefficient same-day delivery service.In Lagos and Abuja, the startup has performed over 40,000 deliveries.
Africa’s increasing urbanization is directly causing a surge in demand for logistical services. As more people migrate to Africa’s cities, the demand for efficient and scalable solutions to connect them to services, food, and retail outlets grows.
ShapShap’s solution meets this need: an all-in-one platform that alleviates the pain points of delivery logistics for all parties involved.
Clients may find a variety of services and products, and delivery employees can simply earn money servicing various vendors, thanks to the platform’s B2B and B2C channels, which enable merchants to quickly provide customers easy delivery alternatives.
ShapShap secured seed funding from GreenTec Capital Partners in Germany late last year, and it has now announced an extension to that round, secured from V8 Capital Partners through its Growth Labs Fund I.
“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,” said Tobi Oke, managing partner at V8 Capital Partners.