New post Need visibility? Apply for a FREE post for your Startup.  Apply Here

Startups

Nigerian Logistics Startup – TruQ – Wins TC Startup Battlefield Competition

1 Mins read

TruQ, a Nigerian logistics startup, has won the TC Startup Battlefield competition. The startup, which operates by streamlining mid-mile logistics in Africa, won the 2.5 million naira cash prize ahead of nine other competitors, including Jamit, a social audio network, which emerged as runner-up with a prize of 1.5 million naira.

The maiden edition of the competition involved Nigerian startups only. The startups that featured in the competition include auto tech startup – Flickwheel, Stackjunior (an edtech platform), Powerful Technology Limited, and Royalty.io (music cataloguing startup). Other startups that participated include fintech startup – Payslice; Fless (a money management startup for small businesses); food delivery startup – Belarush; and growth-as-a-startup service, Deepbux.

The competition was judged by Hope Dilthakanyane (investment principal at Founders Factory Africa and panel chair), Nela Ekpenyong (head of portfolio at Ingressive Capital), Uwem Uwemakpan (head of investments at Launch Africa VC Fund II), and Gloria Okorie (venture partner at Republic).

TruQ’s CEO, Williams Fatayo, said the win is a validation of the startup’s hardwork and dedication. TruQ has previously received funding from the 2023 Google Black Founders Fund, and was also part of the Techstars 2022 accelerator cohort. The startup was also part of the V8 Growth Labs. Speaking further, Fatayo announced that TruQ has raised seed funding, and details of the fundraise will be announced in the coming days.

Read also: Kenyan logistics startup – Sendy – faces administration amidst economic challenges

Ike Orizu, co-founder and CEO of Jamit, the startup that claims to be styled as “the African podcaster’s platform, built with love from Africa, for African podcast listeners and creators,” also spoke on his startup’s win. Orizu said the win is a testimony of the hardwork invested into the startup. He noted that the company will reinvest the cash price won into the startup, and put the global recognition and publicity achieved through the competition to good use.

TC Startup Battlefield is an evenue for local startups to showcase their innovations to the global community. The competition was held at the just-concluded flagship Moonshot Conference by TechCabal.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

840 posts

About author
When I'm not reading about tech, I'm writing about it, or thinking about the next weird food combinations to try. I do all these with my headphones plugged in, and a sticky note on my computer with the words: "The galaxy needs saving, Star Lord."
Articles
Related posts
Startups

D.light secures $176m to boost solar energy access in East Africa

1 Mins read
d.light, a global provider of affordable solar solutions, has announced a new $176 million securitization facility. This funding, backed by social impact-focused…
Startups

Tanzania's NALA secures $40m to revolutionize African fintech landscape

1 Mins read
NALA, the Tanzania-born remittance startup, has successfully closed a $40 million Series A funding round. Led by Acrew Capital, with participation from…
Startups

South African fraud prevention startup - Orca - raises $550K to tackle cybercrime surge

1 Mins read
As cyber threats escalate across the African continent, a Cape Town-based startup has raised fresh funding to equip financial institutions with advanced…
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here - t.me/TechpadiAfrica

Leave a Reply