News Summary

Lagos-based food delivery startup Chowdeck has raised $9 million in Series A funding to expand its operations in Nigeria and Ghana. The funding round was led by Novastar Ventures with participation from Y Combinator and other investors. Chowdeck, which has remained profitable in a difficult market, plans to use the funds to launch a quick commerce strategy, expand into more cities, and enhance its logistics network. Founded in 2021, Chowdeck serves 1.5 million customers across 11 cities with a network of over 20,000 riders. The company aims to open 40 dark stores by the end of this year and 500 by the end of 2026, further solidifying its position as a leading player in the African food delivery sector.