Chowdeck at the Centre of Nigeria’s Food Delivery Boom with CEO Femi Aluko

The Upside Podcast is hosted by Kristie Neo and Tage Kene-Okafor. We speak with the most ambitious, driven entrepreneurs, builders and investors in global emerging markets.

Today, we speak with Femi Aluko, co-founder and CEO of Nigeria's top food delivery platform that just raised $9 million in Series A from Novastar and YC.

Joining the conversation is Osarumen Omonuyi, founder of publications Subtxt and Foodpod—the latter exploring the intersection of technology and food in Africa. (⁠https://foodpod.substack.com/p/1-magic-beans⁠)

We discuss the evolution of the food delivery ecosystem in Nigeria and Chowdeck at the center of it, navigating tough macroeconomic conditions and competition against rivals and people's pockets.
Timestamp:
(00:00) Introduction to Food Delivery in Nigeria
(01:26) The Rise of Chowdeck and Local Context
(06:17) Consumer Behavior Post-COVID
(09:17) Market Dynamics and Competition
(13:05) Growth Potential and Market Size
(19:53) Comparative Analysis with Other Markets
(24:12) Infrastructure and Delivery Challenges
(25:44) Technical Difficulties and Initial Thoughts
(26:47) Understanding Local Market Nuances
(28:37) Onboarding Restaurants for Delivery
(31:52) Market Expansion and Future Plans
(33:07) Predictions for the Food Delivery Landscape
(36:39) Challenges Faced by Restaurants
(40:10) Exploring Quick Commerce Strategies
(44:00) Embracing Competition and Regulatory Challenges

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