Friday, February 3, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Startup

Topship Gains The Limelight After Endorsed Acceleration By American Investor.

Y Combinator selects the Nigerian startup company to benefit $500k worth of equity

Eni by Eni
January 21, 2022
in Startup
0

Topship’s days of bootstrapping are over as Y Combinator interventions transform the startup logistics concept into a company. Topship’s ambitious approach to tackling unstable freight transportation in Africa and beyond.

Related posts

Releaf Completed Its Pre-Series A Funding With $3.3M To Industrialize Food Security In Africa.

Releaf Completed Its Pre-Series A Funding With $3.3M To Industrialize Food Security In Africa.

January 9, 2023
Play Store

Lori Systems Secured an Undisclosed Amount of Investment from Google.

August 19, 2022

The startup has been bootstrapping its operations via an electronic shop existing on social media. Topship has been active on Instagram as a brand until the logistic startup enrolled for the Silicon Valley-based investment initiative to accelerate its development.

Topship is selected to participate in Y Combinator’s Accelerator Programs alongside two other Nigerian startups, including Moni and IdentityPass. Topship’s CEO Moses Enenwali revealed his company will join Y Combinator’s winter batch the investment company dubbed “YC W22″.

Just like every other startup Y Combinator has granted financial aid, Topship is set to gain an audience in the global marketplace. Topship will also experience strategic advisory services and investment funds to accelerate its logistics brand to experience long-lasting net worth.

Enenwali also said the $500k offer will actualize “their overarching goal to make shipping in and out of Africa as easy as booking an Uber or Airbnb.” Fusing Africa’s logistics ecosystem with technology has been Topship’s fantasy since its 2020 debut on Instagram’s electronic shop.

Enenwali has reportedly assisted his customers to move their parcels around the borders of Africa. Topship continued bootstrapping connecting to busy merchants that are likely to transport a large number of goods — a significant transition that innovates digitized cargo shipping.

At the time, Topship was bootstrapping a digital logistic startup that operated manually — Enenwali live presence marketing logistics transactions. Topship grew an organic userbase for abiding by a simple motive for completing each logistic task.

Topship continued bootstrapping logistics operations in Africa. The startup company then raised a $300k pre-seed deal that placed Junaid Babatunde as the current Topship chief technology officer. Topship also debut its web app they developed with the pre-seed — users can book a formal shipment on Topship website.

Topship’s web app bolstered its operations by a hundred percent. The Nigerian logistic startup reportedly recorded 7,000 completed logistics services. These shipments have placed Topship on a 100% YoY revenue income. With hundreds of thousands of active users, a fraction of 300 users is merchants.

Topship currently has three sources of streaming income to the business, such as the default fee charged for using Topship’s shipment, making shipping insurance available for users’ purchase, and customs clearance fee. Topship is eager to partner with other logistic startups either in Africa or overseas, rather than pose a rival.

Total
1
Shares
Share 1
Tweet 0
Pin it 0
Share 0
Tags: AcceleratorBootstrappingLogisticsstartuptopshipy combinator
Previous Post

Chari Bagged A $100M Bridge Round Deal To Develop Its Fintech Solutions

Next Post

The Federal Reserve Board Consulted The Central Bank of Nigeria About Managing CBDC.

Next Post
The Federal Reserve Board Consulted The Central Bank of Nigeria About Managing CBDC.

The Federal Reserve Board Consulted The Central Bank of Nigeria About Managing CBDC.

RECOMMENDED NEWS

Softbank Leads Nigerian Company Andela To Raise $200 Million Valuing At $1.5b

Softbank Leads Nigerian Company Andela To Raise $200 Million Valuing At $1.5b

1 year ago
Tech Space In Lagos And Four Other African Countries Worth $6 Billion, Report Says

Tech Space In Lagos And Four Other African Countries Worth $6 Billion, Report Says

1 year ago
Ghana Tweaks Its National Identity Card As An e-Passport.

Ghana Tweaks Its National Identity Card As An e-Passport.

12 months ago
The Orange Group Partners with the IFC to Bolster Its FinTech Inclusion in West Africa.

The Orange Group Partners with the IFC to Bolster Its FinTech Inclusion in West Africa.

7 months ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa app banking CBDC cbn central bank of nigeria cloud cryptocurrency Crypto market cybersecurity e-commerce e-naira east africa ecommerce economy enterprise fintech funding Fundraising google government inec internet investment kenya License microsoft mtn ncc nigeria Nigerian Communications Commission Regulator remittance ride hailing seed social media software south africa startup technology telecom twitter west africa

Featured Categories

App
19 Posts
View Posts
Banking
17 Posts
View Posts
Business
7 Posts
View Posts
Cryptocurrency
27 Posts
View Posts
Cybersecurity
13 Posts
View Posts
East Africa
23 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
31 Posts
View Posts
Event
9 Posts
View Posts
Fintech/Finance
83 Posts
View Posts
Funding
29 Posts
View Posts
Gadget
11 Posts
View Posts
Government
55 Posts
View Posts
Insight
4 Posts
View Posts
Internet
20 Posts
View Posts
Investment
18 Posts
View Posts
Nigerian/African Tech
31 Posts
View Posts
North Africa
2 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
2 Posts
View Posts
Service
8 Posts
View Posts
Social Media
19 Posts
View Posts
Southern Africa
17 Posts
View Posts
Startup
83 Posts
View Posts
Telecom
36 Posts
View Posts
Transport
11 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
41 Posts
View Posts
No Result
View All Result
Loading
  • Audi South Africa
    Audi Invest R45 Million In South Africa To Deploy EV Charging Infrastructure.
    • February 1, 2023
  • Starlink Nigeria.
    Elon Musk’s Starlink Satellite Internet Service Finally Debuts In Nigeria.
    • February 1, 2023
  • Amazon & Stripe
    Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
    • January 25, 2023
  • Airtel eSIM
    Airtel Launches eSIM Technology In Nigeria
    • January 25, 2023
  • Mafab Communication Debut 5G Cellular Data In Nigeria.
    • January 24, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • Audi Invest R45 Million In South Africa To Deploy EV Charging Infrastructure.
  • Elon Musk’s Starlink Satellite Internet Service Finally Debuts In Nigeria.
  • Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In