Articles
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2 days ago |
techcabal.com | Ngozi Chukwu
It used to be simple. You built something people wanted, got investments to buy the tools you need and create the team you need to scale exponentially—maybe a few smart hires from abroad. The tech ecosystem was flush with cash and hope for startups and their technology, so the numbers worked. Until 2023, the numbers stopped working for startups in Nigeria; the naira value has depreciated against the dollar.
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2 days ago |
techcabal.com | Ngozi Chukwu
Thirteen logistics and mobility startups raised funding in the first quarter of 2025. This matched the number of deals inked in Q1 2024, but the total amount plummeted to $44.9 million. Funding this year saw a 69% decrease from the $146 million raised in the same quarter last year. Despite the decline in funding, the number of deals reflects continued investor appetite for vehicle financing platforms. The largest deal was in the mobility-fintech subsector in both years.
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2 days ago |
techcabal.com | Ngozi Chukwu
Picture a ten-year-old boy, perched at a wooden desk, pencil in hand, carefully tallying figures from his father’s accounting books, a faint smile on his face. He imagines himself one day becoming an accountant like his dad or teaching finance at a prestigious university like Harvard. Fast forward to 2025, and that boy, now a man, is a tech founder instead.
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5 days ago |
techcabal.com | Ngozi Chukwu
Lagos’s food delivery market is increasingly competitive, but Glovo, a Delivery Hero-owned delivery platform, Y Combinator-backed Chowdeck, HeyFood, and FoodCourt are leading the race. When deciding which apps to buy food from, users often consider restaurant variety, fees (delivery, service, and surge), and, critically, delivery speed. But if you are like me, and you order only when you are on the verge of dying from hunger, the choice of which food delivery app becomes a matter of speed.
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1 week ago |
techcabal.com | Ngozi Chukwu
Over 6,000 vendors in Nigeria have generated ₦71 billion ($42 million) in revenue through Glovo since the on-demand delivery platform launched in the country in 2021, the company revealed at its Future of Commerce 2025 summit in Lagos on Wednesday. The milestone highlights the company’s growth in Nigeria’s competitive e-commerce market and its ambitions to expand beyond food into a broader retail marketplace.
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