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News Summary

• The sector is still pretty nascent in many parts of Africa and has barely scratched the surface even though the millions poured into startups — operating in various facets from haulage to last mile — are yet to build sustainable businesses.
• “And the reason for this, we learned, was because most of the places they were buying stuff from did not have a dispatch or logistics service.”The situation is peculiar to many businesses across Nigeria, as evident in a simple market research Alley undertook before launching Fez Delivery.
• The startup also intends to improve its technology and operation efficiency, hire more talent and increase its marketing spend.Alley, who worked for over a decade in Nigeria’s banking sector and later in startups such as OPay and Bloc, founded Fez Delivery in 2020.
• Alley said she spoke with entrepreneurs and small business owners, including those outside and within her circle, to ask about their major issues: talent and logistics topped the list.
• To meet up with the demand, Fez Delivery recently developed a SaaS platform to onboard and verify trained third-party two-wheeler logistics platforms, with fleet sizes of about five-10, to help complete orders that it can’t fulfill.
• Fez Delivery, a Lagos-based last-mile logistics startup with hubs across Nigeria, has raised $1 million led by pan-African investor Ventures Platform with participation from Voltron Capital, Acasia Ventures and other angel investors.