ikechukwu™
7.5K posts

ikechukwu™
@creative_yute
human | gopher & errands @zendtraxhq

what is it called when you can't take it anymore but you keep taking it


"We have to fight every single day!" Martin Odegaard reacts to Arsenal's huge win over Newcastle😤

This week, @SwoopAppNG, a food delivery app with super-app ambitions, announced a $7.3M seed round. It's expanding from Eswatini — where it claims to have become the country's largest e-commerce platform with 22k users (~2% of the country's population) — to Nigeria, Africa's most populous country with an estimated population of ~220M. The company's led by a 19-year-old Berkeley dropout and Thiel Fellow from Greenwich, Connecticut. And notably, all investors in the round are Silicon Valley-based — except South Africa's Base Capital. Swoop's strategy: low restaurant commissions (for now), flat 7% "handling fee," and letting riders keep 100% of delivery fees — forcing @Chowdeck and other incumbents to compete or lose their supply side. It's drawing premature comparisons to @WaveSenegal's disruption of mobile money in Francophone Africa and @OPay_NG's early blitzscaling across verticals before the pivot to payments. But perhaps the precedent to keep top of mind is Jumia Food — which exited food delivery in Nigeria & other markets, citing competitive dynamics that were "irrational" and expected to stay that way. "There will always be someone new coming into play." — @Jumia_Group CEO Francis Dufay (December 2023)




Boom always used to have hard time raising money. Investors are terrified of funding anything that's not like existing hot startups. And now, after 10 years of lean times, I'm getting unsolicited offers to buy Boom shares. It's so great.






