Messenger, a one cease logistics platform that funds and aggregates finish to finish logistics and provide chain operations has raised an undisclosed quantity in a pre-seed funding spherical led by Nama Ventures with participation from Aidi Ventures and notable Angels.
Based in 2018 by Amanda and Essein Etuk, Messenger seems to be to digitise the retail provide chain in Nigeria by means of its end-to-end logistics platform. The goal of this funding is to allow the corporate develop a robust presence within the final mile logistics market in Africa.
Mohammed Alzubi, Founder and Managing Accomplice of Nama Ventures says “That is a type of startups, that after we learn their pitch deck, they stood out and we knew immediately of their potential. Amanda and Essein make a tremendous workforce with their area experience and complementary ability units. Additionally Messenger is tackling an enormous market of their service providing, which is all the time one thing we search for when evaluating alternatives. We’re tremendous excited at Nama to welcome this dreamteam into the Nama household.”
Based on a report by the United Nations Convention on Commerce and Improvement (UNCTAD) , the e-commerce market in Africa was estimated to be not less than $29B by 2022. Based on Statista the e-commerce trade in Nigeria has a market measurement of $9B with an annual development price of 11.74% leading to a market worth of $14B by 2027.
Messenger was based by siblings with distinct ability units deployed in the direction of the corporate’s aims.Amanda Etuk has 10 years’ expertise in healthcare, FMCG and Logistics having occupied senior positions throughout quick rising startups 54gene and Zippy Logistics (Now Loft Africa).
Essien Etuk has 7 years’ expertise in operations administration with additionally being the founding president of the Abuja Logistics Operators Affiliation serving as a hyperlink between regulators and operators within the metropolis. He additionally had an impression in driving The Nigeria Startup Invoice now The Nigeria Startup Act.
“As an organization, Messenger is devoted to championing final mile deliveries throughout Africa, one metropolis at a time.” mentioned Amanda Etuk.
The traders had been interested in Messenger’s imaginative and prescient and potential to disrupt the market. As a one-stop logistics platform which goals to revolutionize final mile deliveries throughout Africa, by offering financing and aggregating end-to-end logistics and provide chain operations, Messenger affords a complete resolution to handle the logistics challenges within the area.
With its current launch of a Minimal Viable Product (MVP) and transition to a digital platform, Messenger is well-positioned to accumulate new prospects and considerably enhance its income.