Plentywaka raises $300k pre-seed funding

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Plentywaka, a Nigerian bus-hailing startup  who recently launched a B2C logistics platform has raised a capital of $300,000 with the plan to launch out in the city of Abuja, the Federal territory of Nigeria.

Plentywaka launched in Nigeria’s largest city, Lagos, in September 2019. Since then, it has gone on to do over 100,000 rides across 7 routes in the commercial city. It has also secured over 40,000 customers in the process.

The startup has been able to raised $300,000 in pre-seed investment from EMFATOMicrotraction and Niche Capital, with the vision to continue to transform the transport system in Nigeria and expand across different part of the country and presently launched out in Abuja after massive breakout in Lagos, Nigeria.

Plentywaka launched ‘Logistics By Plentywaka‘ (LBP), an expansion to the company’s bus transportation network in the city. In a direct response to the city-wide lockdown and restriction of movement, the Lagos-based business-to-consumer delivery service will provide its customers with same-day service and range of logistical vehicles from cooling vans, trucks and bikes that can be easily selected depending on the requirements.

Plentywaka has successful launched an e-hailing bus service in Lagos, where it has facilitated more than 100,000 rides, now starting a new phase with Abuja, five routes and free travel for a week. 

The startup is presently looking for the service of riders, vehicle owners either individuals or cooperate entity for partnership to provide smooth travelling moment across the states in Nigeria.

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