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Gokada is a technology company.
Gokada has raised $6.0M across 2 funding rounds.
Gokada has raised $6.0M in total across 2 funding rounds.
Gokada is a leading technology startup in Nigeria, providing logistics solutions through its on-demand multi-service platform. It offers instant parcel delivery, food delivery, and ride-hailing services.
Gokada is a Nigerian technology startup that operates a "Super App" providing on-demand services including motorcycle ride-hailing (where permitted), parcel delivery, food delivery, and e-commerce fulfillment, primarily targeting urban challenges in Lagos and expanding across Nigeria.[1][2][3] It serves consumers, merchants (over 30,000 businesses), and riders, solving last-mile logistics and transportation inefficiencies in traffic-congested cities by leveraging a fleet of trained motorcycle pilots for fast, trackable deliveries.[1][3][4] The company has demonstrated strong growth momentum, surpassing $100 million in annualized transaction value, completing over one million food and e-commerce orders, and tripling volume in recent periods amid the pandemic, while securing a NIPOST license for nationwide expansion.[1][2][3]
Gokada was founded in 2018 by Fahim Saleh, who envisioned faster mobility for Lagosians amid severe traffic congestion, starting with just eight motorcycle pilots (riders) in January as a bike-hailing service.[1][3] Saleh, tragically deceased later, drew from experiences like growth at Zomato in India, as noted by current CEO Nikhil Goel.[2] A pivotal moment came in January 2020 when the Lagos State government banned commercial motorcycles ("okada") on major roads, forcing a rapid pivot to logistics and delivery in March 2020—just before the COVID-19 pandemic boosted demand.[1][3] This shift enabled quick traction, growing to over 1,200 riders and a million deliveries in under a year, culminating in the 2021 Super App launch consolidating services.[1][2][3]
Gokada rides the explosive growth of Nigeria's e-commerce and delivery market, projected to exceed $20 billion, fueled by urbanization, traffic woes in Africa's most populous city (Lagos), and pandemic-accelerated digital adoption.[1][2][5] Timing is ideal post-2020 ban and COVID, which exempted dispatch riders and spiked demand, positioning Gokada as Nigeria's largest last-mile provider ahead of rivals.[1][2][3] It influences the ecosystem by pioneering Super Apps in Africa, expanding to cities like Abuja, Ibadan, Port Harcourt, and Ogun, while lobbying for regulations and enabling merchants' online shift.[1][2]
Gokada is poised for national dominance via city expansions and NIPOST-enabled cross-country logistics, potentially scaling its $100M+ transaction value amid Nigeria's booming Super App trend.[1][2] Rising e-commerce, regulatory thawing for bikes, and tech infrastructure will shape its path, though competition and compliance risks persist. Its evolution from ride-hailing to logistics powerhouse underscores resilience, setting it to impact Africa's urban mobility as the go-to Super App for Nigeria and beyond.[1][3]
Gokada has raised $6.0M in total across 2 funding rounds.
Gokada's investors include Nazar Yasin, Adventure Capital, IC Global Partners, Illinois Ventures.
Gokada has raised $6.0M across 2 funding rounds. Most recently, it raised $750K Other Equity in January 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 27, 2023 | $750K Other Equity | ||
| May 24, 2019 | $5.3M Series A | Nazar Yasin | Adventure Capital, IC Global Partners, Illinois Ventures |