A seed extension investment from V8 Capital Partners has been secured by Nigerian on-demand delivery startup ShapShap as it seeks to extend its capabilities and enter new areas.

GreenTec Capital Partners of Germany provided seed funding for ShapShap in December 2021, and the company has now announced an extension to that round, secured from V8 Capital Partners through its Growth Labs Fund I.

Soon, the startup will expand its last-mile delivery capabilities in Nigeria and other African countries with the help of the fresh capital.

“Technology is aiding the ability for businesses globally to reach their consumers faster, and Africa is no different. We are building IP that makes last-mile logistics more effective. We have noticed a significant spike in distribution of goods and services through online channels and are committed to helping our clients succeed,” Khalil Halilu, CEO of ShapShap said. 

Why The Investor Invested

The startup has acquired considerable traction since it was founded. It has completed over 40,000 deliveries in Lagos and Abuja.

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“ShapShap’s unique approach to last-mile logistics and Khalil’s proven track record presents a unique investment opportunity. We are excited to partner with Khalil across various verticals working with several portfolio companies to deliver fully automated last-mile delivery infrastructure,” Tobi Oke, managing partner at V8 Capital Partners, said. 

“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,” Erick Yong, GreenTec Capital CEO, following the December seed

A Look At What The Startup 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.

Read also Egyptian Grocery Delivery Startup, Appetito,Lands $2m Pre-Series A Funding

ShapShap is currently servicing logistics, food delivery, and retail deliveries in Lagos and Abuja, Nigeria.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh

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.

Read also China’s MSA Capital Explores Egypt Further, Backs 20-minute Delivery Startup, Rabbit, In $11m Pre-seed

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. 

Read also Egyptian Grocery Delivery Startup, Appetito,Lands $2m Pre-Series A Funding

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