Gokada Rides
Latest round
- Series A
Last raised
- May 2019
Total raised
- $5.3M
Investors
- 1
About Gokada Rides
Founded in 2017, Gokada Rides Limited is headquartered in Lagos, Nigeria, where it provides essential delivery services. The company has undergone strategic pivots to enhance its operational capabilities and expand its market reach.87 mn, and has closed five deals since inception.Gokada operates as a last-mile delivery service, primarily offering a comprehensive logistics solution designed to facilitate the efficient transportation of packages and goods across urban areas. The core product is the Gokada Super App, which integrates various delivery functionalities into a single platform, streamlining the process for both individual and business users. The service primarily addresses the challenges of timely deliveries, safety, and convenience, catering to a diverse clientele that includes everyday consumers, local businesses, and food service providers. Gokada’s operational footprint currently extends across Lagos, Nigeria, focusing on metropolitan areas that experience high demand for reliable delivery services.Gokada generates revenue through a delivery charge model that is based on the number of deliveries rather than the volume of parcels, allowing customers to send multiple items within a specified box size for a flat rate. Each transaction typically involves customers utilizing the app to schedule pickups and deliveries, with drivers—referred to as "pilots"—fulfilling these requests in real time. The revenue structure supports both business-to-consumer and business-to-business transactions, accommodating a variety of delivery needs. Through partnerships with individual drivers and local businesses, Gokada optimizes its logistic capabilities while ensuring competitive pricing for its services.Gokada Rides Limited is focused on expanding its service offerings and geographic presence. Plans include the development and launch of new product features on the Gokada Super App, enhancing user experience and operational efficiency. The company is also targeting expansion into additional urban markets across Nigeria and potentially other West African countries by the end of 2024.
Who invested in Gokada Rides
1 investor across 1 round
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Funding rounds
Series A
May 22, 2019
Amount
$5.3M
Investors
Questions about Gokada Rides
Who invested in Gokada Rides?
Gokada Rides has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Gokada Rides raised?
Gokada Rides has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Gokada Rides last raise money?
Gokada Rides's most recent round on record is a Series A, in May 2019.
What does Gokada Rides do?
Founded in 2017, Gokada Rides Limited is headquartered in Lagos, Nigeria, where it provides essential delivery services.
Where is Gokada Rides headquartered?
Gokada Rides is headquartered in Lagos, Nigeria.
Which VCs invest in companies like Gokada Rides?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Persistent Energy Capital and Norrsken22 back transportation services companies at Gokada Rides's stage. Their profiles are linked below.
VCs backing transportation services startups at Series A
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