# Gokada Rides

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gokada-rides

- Industry: Transportation Services
- Headquarters: Lagos, Nigeria
- Website: www.gokada.ng
- Total disclosed funding: $5.3M
- Latest round: Series A (May 22, 2019)
- Investors on record: 1

## About

Based in Nigeria, Gokada Rides Limited operates an innovative last-mile delivery service focused on efficient logistics solutions for urban transportation of packages and goods.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. Gokada has successfully raised a total of USD 6.87 mn through various funding rounds, with its latest round amounting to USD 6.87 mn, and has closed five deals since inception. The company's founder has prior entrepreneurial experience, although specific details of previous ventures are not disclosed.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. Notable offerings include multi-point deliveries, scheduled pickups, real-time tracking of parcels, and a user-friendly interface that enhances the overall customer experience.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. The company also offers specialized delivery solutions, such as the GFood and GBusiness services, which cater to food delivery and business logistics, respectively.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. Recent funding of USD 6.87 mn from new investor Alexstrasza Holdings will support these initiatives, enhancing Gokada's capacity to meet growing demand for delivery services.

## Funding rounds

- Series A, May 22, 2019, $5.3M — Rise Capital

## Investors

- Rise Capital (https://capitalatlas.ai/funds/rise-capital) — Series A