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§ Private Profile · Yaba, Lagos, Nigeria
Tech startup offering ride-hailing, logistics, and food delivery services via motorcycles and bikes in Lagos, Nigeria.
Gokada is a technology startup based in Lagos, Nigeria, that provides motorcycle ride-hailing, logistics, and food delivery services. Originally launched as a passenger transit platform, the company diversified its operations into parcel delivery and food logistics in 2020 following a local government ban on commercial passenger motorcycles. Before shifting its business model, the enterprise had acquired a fleet of 1,000 motorcycles and completed nearly 1,000,000 rides across its primary market. The organization raised $5.3 million in Series A venture capital funding in 2019 to support its expansion, though it ultimately filed for Chapter 11 bankruptcy protection in October 2024. Following the death of its original chief executive, the company's leadership transitioned to Nikhil Goel, who was appointed as CEO in March 2021. Gokada was founded in 2017 by Fahim Saleh and Deji Oduntan.
Gokada has raised $6.0M across 2 funding rounds.
Gokada has raised $6.0M in total across 2 funding rounds.
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 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 across 2 funding rounds. Most recently, it raised $750K Other Equity in January 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 27, 2023 | $750K Venture Round | — | — | Announced |
| May 24, 2019 | $5.3M Series A | Nazar Yasin | Adventure Capital, IC Global Partners, Illinois Ventures | Announced |