ShapShap, a Nigerian delivery platform that specializes in deliveries in Africa’s fragmented logistics industry, has received an undisclosed investment sum from GreenTec Capital Partners, an Africa-focused venture capital firm. ShapShap is currently providing last-mile deliveries in Abuja and Lagos, Nigeria, using an all-in-one platform that connects customers, drivers, and merchants. GreenTec will help ShapShap through the VC’s Venture Building concept under the terms of the agreement.
Why The Investor Invested
The startup’s significant traction drew GreenTec’s attention. More than 30,000 orders have been processed for more than 4,000 consumers on ShapShap 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. The platform’s features enable offering their services to a wide range of businesses that can benefit from an efficient and scalable logistics partner” said Erick Yong, GreenTec Capital CEO.
The latest investment by Greentec Capital Partners is one way the VC firm is consolidating its logistics portfolio. The Germany-based VC firm has previously invested in startups such as Sumundi, Coliba, Amitruck, Kwiks, Ecodudu, among others. Fintech, retail-tech, ecommerce, cleantech, and agritech firms are among the venture capital firm’s investment interests.
A Look At What ShapShap Does
Founded in 2019 by Khalil Halilu, ShapShap is an all-in-one platform designed to take the pain points out of delivery logistics for all stakeholders.
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 allow merchants to quickly provide customers easy delivery alternatives.
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ShapShap is currently servicing logistics, food delivery, and retail deliveries in Lagos and Abuja, Nigeria.
Charles Rapulu Udoh
RCharles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer