* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, October 25, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    CNN Launches New Show – What to Know About Host Elex Michaelson – Central Oregon Daily

    Get to Know Elex Michaelson: The Dynamic New Host Taking CNN by Storm

    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Ghost Tapping is exploiting tap-to-pay technology in order to steal your money; what your need to know – ABC7 New York

    Ghost Tapping: How Thieves Are Using Tap-to-Pay Technology to Steal Your Money and What You Need to Know

    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    CNN Launches New Show – What to Know About Host Elex Michaelson – Central Oregon Daily

    Get to Know Elex Michaelson: The Dynamic New Host Taking CNN by Storm

    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Ghost Tapping is exploiting tap-to-pay technology in order to steal your money; what your need to know – ABC7 New York

    Ghost Tapping: How Thieves Are Using Tap-to-Pay Technology to Steal Your Money and What You Need to Know

    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

How YC-backed Chowdeck hit ₦1 billion in monthly order value

November 3, 2023
in Technology
How YC-backed Chowdeck hit ₦1 billion in monthly order value
Share on FacebookShare on Twitter

Chowdeck, the Y Combinator-backed Nigerian food delivery startup, says it has crossed ₦1 billion ($1.2 million) in monthly gross merchandise value (GMV). It marks a 10x growth spurt for a company that reportedly crossed ₦100 million monthly GMV ten months ago. ChowDeck’s CEO, Femi Aluko, told TechCabal that the startup had over 60,000 active users in October, up from 7,000 in January. The company also says it makes a profit from each delivery with more than a “25% take rate per order.” 

“Our strength is building products; we execute and grow fast,” Aluko explained. “Even though we’re not the cheapest food delivery service in the country, we are the most efficient.” 

Key Takeaways

Chowdeck has crossed ₦1 billion ($1.2 million) in monthly gross merchandise value (GMV) with over 25% take rate on each order.

The startup has 1,300 riders across four Nigerian cities who earn an average of $70 weekly.

It has 300,000 users and an average of 60,000 active users monthly.

He claims that Chowdeck’s growth in October was organic and that the company did not run any marketing campaigns in October to boost its numbers. Instead, it focused on adding new features and applying learnings from Y Combinator, the San Francisco-based accelerator program that has backed dozens of successful startups. ChowDeck has also expanded to three cities, namely Port Harcourt, Ibadan, and Abuja, since January. The startup claims it has over 1,300 riders, making an average of 10,000 daily deliveries across the four cities.

Spurred by the effects of COVID-19, Africa’s food delivery industry has taken off as more vendors and consumers embrace the convenience of digital takeouts to serve customers in major cities like Lagos. The industry is expected to grow 18% annually over the next few years and will cross $7.45 billion in revenue this year, according to Statista.

In Nigeria, Africa’s most populous country, eating at restaurants and other food vendors is a big part of the local culture, with Nigerian households spending 20% of their income on food cooked outside their homes. Noticing this trend, Y Combinator recently backed at least eight food delivery startups in Africa since 2021. 

Navigating the fuel subsidy removal

Chowdeck’s feat comes as Nigeria’s economy continues to struggle after the removal of fuel subsidy in May significantly impacted transportation costs, including for mobility businesses across the country. Inflation has also grown unabatedly monthly, with food inflation rising to 30.6% last month as the biggest driver.

Despite the rising operating costs, Nigeria’s online food delivery market is highly contested, with several international companies, such as Glovo, Jumia, and Bolt, competing to own a larger chunk of the market against startups like EdenLife, FoodCourt, and Chowdeck. 

ChowDeck’s Aluko described the month of May as one of the company’s toughest periods. As costs jumped, the startup had to increase delivery prices by 50%, becoming the first food delivery company to do so following the subsidy removal.

“No matter how good or bad the economy is, we won’t build our company or product on bad unit economics or subsidise prices based on VC funding,” Aluko said, referring to the popular venture-building model of the last decade that helped create multiple billion-dollar companies that have since struggled to break even as sustainable businesses.

Image Source: Faith Omoniyi/ TC Insights

He added that Chowdeck decided not to compete on pricing.  Instead, the company is focused on improving its product and increasing the weekly earnings for riders based on the number of food orders they complete. “Chowdeck riders are the best-paid in the delivery space today; we know we can’t afford to have riders that are disgruntled or don’t earn a lot of money.”

Hiring agents to validate orders

One strategy that Chowdeck has used is to hire agents who validate orders for riders at the busiest restaurants. For these busy restaurants, the agents manually verify if a customer’s order is in stock and ensure that an order is canceled if the restaurant does not have the order. Aluko told TechCabal that the startup only hires agents for the top 20 restaurants out of the thousand on its platform and only when “the demand has grown more than the supply at these restaurants.” “At that point, they’re doing enough orders for us to cover the cost of hiring agents and still make us profitable,” Aluko said. 

Getting riders to be effective

When Chowdeck entered the food delivery scene, it faced stiff competition from incumbents. However, the company discovered that the average delivery time for its competitors was longer than 30 minutes. Chowdeck set out to differentiate itself in the market with a shorter turnaround time for delivery. Aluko explained that he devised a model for faster deliveries after a trip to Dubai. 

At the time, the model relied heavily on more compliant and reliable delivery riders, two attributes the average Nigerian dispatch rider tends to lack. Chowdeck’s management team piloted the model by fulfilling food delivery orders themselves. This helped them understand the challenges, they said. They developed rider incentives like providing housing support and offering promotion opportunities to high-performing riders to join Chowdeck’s operations team. Aluko added that Chowdeck discouraged cash on delivery for newly recruited dispatch riders because this caused accountability problems. Rewarding good behaviour has helped onboard more drivers as Chowdeck scaled across Nigeria, the company shared. 

Editor’s note: The exchange rate used in this article is $1=₦788.33

Get the best African tech newsletters in your inbox

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechCabal – https://techcabal.com/2023/11/03/chowdeck-1billion/

Tags: ChowdecktechnologyYC-backed
Previous Post

Backed by 30+ unicorn founders and institutions, Norrsken22 raises $205 million to back high-growth companies in Africa

Next Post

Meet the startups that say your salary shouldn’t wait till payday

Nutritional supplements boost baby coral survival – EurekAlert!

How Nutritional Supplements Are Boosting Baby Coral Survival Rates

October 25, 2025
Scientists Are One Step Closer to Letting Humans ‘Breathe’ Through Their Butts – Yahoo

Scientists Are One Step Closer to Letting Humans ‘Breathe’ Through Their Butts – Yahoo

October 25, 2025
Bizarre Crystals in Titan’s Lakes Could Break a Fundamental Rule of Chemistry – ScienceAlert

Strange Crystals Found in Titan’s Lakes Challenge a Fundamental Chemistry Rule

October 25, 2025
Mortgage Rates Inch Toward 6% as Fed Weighs October Cut – IslanderNews.com

Mortgage Rates Surge Near 6% Amid Speculation of October Fed Rate Cut

October 25, 2025
Ghost Tapping is exploiting tap-to-pay technology in order to steal your money; what your need to know – ABC7 New York

Ghost Tapping: How Thieves Are Using Tap-to-Pay Technology to Steal Your Money and What You Need to Know

October 25, 2025
This Week in Sports Trivia: October 23, 2025 – The Athletic – The New York Times

Think You’re a Sports Expert? Take on This Week’s October 23, 2025 Trivia Challenge!

October 25, 2025
How to watch the 2025 MLB World Series: Dodgers vs. Blue Jays game schedule, channels, streaming, when is Shohei Ohtani starting and more – Yahoo Sports

Ultimate Guide to Watching the 2025 MLB World Series: Dodgers vs. Blue Jays Game Schedule, Channels, Streaming, and Shohei Ohtani’s Start Time

October 24, 2025
A circular economy approach for the global lithium-ion battery supply chain – Nature

Revolutionizing the Global Lithium-Ion Battery Supply Chain Through a Circular Economy Approach

October 24, 2025
CNN Launches New Show – What to Know About Host Elex Michaelson – Central Oregon Daily

Get to Know Elex Michaelson: The Dynamic New Host Taking CNN by Storm

October 24, 2025
Idaho Medicaid mental health contractor to cut doctor pay rates by 4%-15% – Idaho Capital Sun

Idaho Medicaid Mental Health Contractor to Cut Doctor Pay Rates by Up to 15%

October 24, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (885)
  • Economy (906)
  • Entertainment (21,777)
  • General (17,790)
  • Health (9,947)
  • Lifestyle (919)
  • News (22,149)
  • People (907)
  • Politics (916)
  • Science (16,117)
  • Sports (21,406)
  • Technology (15,886)
  • World (889)

Recent News

Nutritional supplements boost baby coral survival – EurekAlert!

How Nutritional Supplements Are Boosting Baby Coral Survival Rates

October 25, 2025
Scientists Are One Step Closer to Letting Humans ‘Breathe’ Through Their Butts – Yahoo

Scientists Are One Step Closer to Letting Humans ‘Breathe’ Through Their Butts – Yahoo

October 25, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version