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Nigerian Logitech Startup Secures Funding From VC Greentec Capital Partners

Startups

Nov. 30, 2021, 12:28 p.m.

ShapShap, a Nigerian startup, has received an undisclosed investment sum from GreenTec Capital Partners, an Africa-focused venture capital firm. The latest investment by Greentec Capital Partners will help ShapShap accelerate its scaling process through the VC’s Venture Building concept under the terms of the agreement.

Founded in 2019, ShapShap is a logitech startup that provides an all-in-one platform designed to ease delivery for all stakeholders. The startup is currently involved in logistics, food delivery, and retail deliveries.

The startup currently operates in Lagos and Abuja, providing food delivery, retail deliveries, and logistics. Thus far the company works with over 100 vendors and has processed over 30,000 orders for over 4,000 users.

Erick Yong, GreenTec Capital CEO speaking said that ShapShap’s significant traction drew its attention. He also noted that more than 30,000 orders have been processed for more than 4,000 consumers on ShapShap’s platform, and the company now works with more than 100 merchants.

“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.

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Verny Joy Author

Verny loves to write poetry, fiction and quotes. Her love for writing landed her in journalism. She loves gadgets and travelling to explore new places.

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