Advised by Udo Udoma & Belo-Osagie, Ekocab is looking to raise $40m
The Nigerian start-up, launched in 2017, has attracted Lagos state taxis to its ride-hailing platform and is setting its sights on an international and multimodal expansion.
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▪ Advised by Udo Udoma & Belo-Osagie, Ekocab is looking to raise $40m
▪ The Nigerian start-up, launched in 2017, has attracted Lagos state taxis to its ride-hailing platform and is setting its sights on an international and multimodal expansion.
▪ https://www.africabusinessplus.com/en/803951/conseille-par-udo-udoma-belo-osagie-ekocab-veut-lever-40-millions/
The funds are expected to be raised quickly, before the end of 2020, Ekocab’s founder, Segun Cole, told Jeune Afrique Business+. “The market is indeed constantly changing, but it isn’t saturated yet,” he said, adding that “strong competitors like Uber and Bolt raise, by comparison, capital abroad to subsidise their African subsidiaries”.
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