Messenger, A one stop logistics platform that finances and aggregates end to end logistics and supply chain operations, announced that it has raised an undisclosed amount in a pre-seed funding round led by Nama Ventures with participation from Aidi Ventures and notable Angels.
The “last mile” refers to the final stage of the delivery process that ends with the customer or consumer. We play in a billion-dollar market and one of the key drivers of last mile deliveries is the rise in e-commerce. According to a report by the United Nations Conference on Trade and Development (UNCTAD) , the e-commerce market in Africa was estimated to be at least $29B by 2022. According to Statista the e-commerce industry in Nigeria has a market size of $9B with an annual growth rate of 11.74% resulting in a market value of $14B by 2027.
The last mile logistics business opportunity in Africa is significant, as the continent’s logistics infrastructure is still developing, and the demand for efficient and reliable delivery services is on the rise.
Amanda Etuk has 10 years’ experience in healthcare, FMCG and Logistics having occupied senior positions across fast growing startups 54gene and Zippy Logistics (Now Loft Africa).
Essien Etuk has 7 years’ experience in operations management with also being the founding president of the Abuja Logistics Operators Association serving as a link between regulators and operators in the city. He also had an impact in driving The Nigeria Startup Bill now The Nigeria Startup Act.
Founders are siblings with distinct skill sets deployed towards the company’s objectives.
“As a company, Messenger is dedicated to championing last mile deliveries across Africa, one city at a time.” said Amanda Etuk.
Mohammed Alzubi, Founder and Managing Partner of Nama Ventures says “This is one of those startups, that when we read their pitch deck, they stood out and we knew straight away of their potential. Amanda and Essein make an amazing team with their domain expertise and complementary skill sets. Also Messenger is tackling a huge market in their service offering, which is always something we look for when evaluating opportunities. We are super excited at Nama to welcome this dreamteam into the Nama family.”
ABOUT
Messenger is a one stop logistics platform that finances and aggregates end to end logistics and supply chain operations. We have successfully completed more than 700,000 deliveries for esteemed clients such as Jumia Food, Omnibiz, DHL, Glovo and Shopex TV. However, with the recent launch of our MVP and transition to a digital platform, our goal is to acquire 100,000 new customers within the next 12 months and increase our revenue tenfold.
Nama Ventures: We are the champions of pre-seed in MENA tech startups. . We pride ourselves on being technology founders funding technology startups. We believe our technical knowledge, entrepreneurial journey, and our investment track record are a testament to the value add we bring to pre seed / seed stage technology investing. We look forward to partnering with amazing MENA startups on their next tech entrepreneurial journey. If you are a MENA based startup, with a founding team that has complementary skill sets, then we sure want to talk to you
