• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Enterprise Start Up

Topship Gains The Limelight After Endorsed Acceleration By American Investor.

Y Combinator selects the Nigerian startup company to benefit $500k worth of equity

Paul Balo by Paul Balo
January 21, 2022
in Start Up
Share on FacebookShare on Twitter

Topship’s days of bootstrapping are over as Y Combinator interventions transform the startup logistics concept into a company. Topship’s ambitious approach to tackling unstable freight transportation in Africa and beyond.

The startup has been bootstrapping its operations via an electronic shop existing on social media. Topship has been active on Instagram as a brand until the logistic startup enrolled for the Silicon Valley-based investment initiative to accelerate its development.

Topship is selected to participate in Y Combinator’s Accelerator Programs alongside two other Nigerian startups, including Moni and IdentityPass. Topship’s CEO Moses Enenwali revealed his company will join Y Combinator’s winter batch the investment company dubbed “YC W22″.

Just like every other startup Y Combinator has granted financial aid, Topship is set to gain an audience in the global marketplace. Topship will also experience strategic advisory services and investment funds to accelerate its logistics brand to experience long-lasting net worth.

Enenwali also said the $500k offer will actualize “their overarching goal to make shipping in and out of Africa as easy as booking an Uber or Airbnb.” Fusing Africa’s logistics ecosystem with technology has been Topship’s fantasy since its 2020 debut on Instagram’s electronic shop.

Enenwali has reportedly assisted his customers to move their parcels around the borders of Africa. Topship continued bootstrapping connecting to busy merchants that are likely to transport a large number of goods — a significant transition that innovates digitized cargo shipping.

At the time, Topship was bootstrapping a digital logistic startup that operated manually — Enenwali live presence marketing logistics transactions. Topship grew an organic userbase for abiding by a simple motive for completing each logistic task.

Topship continued bootstrapping logistics operations in Africa. The startup company then raised a $300k pre-seed deal that placed Junaid Babatunde as the current Topship chief technology officer. Topship also debut its web app they developed with the pre-seed — users can book a formal shipment on Topship website.

Topship’s web app bolstered its operations by a hundred percent. The Nigerian logistic startup reportedly recorded 7,000 completed logistics services. These shipments have placed Topship on a 100% YoY revenue income. With hundreds of thousands of active users, a fraction of 300 users is merchants.

Topship currently has three sources of streaming income to the business, such as the default fee charged for using Topship’s shipment, making shipping insurance available for users’ purchase, and customs clearance fee. Topship is eager to partner with other logistic startups either in Africa or overseas, rather than pose a rival.

Related Posts:

  • Lori Systems Secured an Undisclosed Amount of Investment from Google.
    Lori Systems Secured an Undisclosed Amount of…
  • Bloom Closed $6.5M Seed Round and Partnered with Visa for Card Issuance
    Bloom Closed $6.5M Seed Round and Partnered with…
  • 44985-87456-usbc-iphone-xl
    Zywa’s Neobank Company is Set to Expand Across the…
  • pivo
    Nigerian Female-led Fintech Pivo Secures $2 Million…
  • Senegal's Wave Receives €90 Million Investment From…
  • LP_02572-min
    Chargel’s Seed Round Raised $2.5 Million Deal, Led…
  • Anchor, A Nigerian Startup Offering Banking-as-a-service Solutions Comes Out Of Stealth With $1 Million In Pre-seed Funding
    Anchor, A Nigerian Startup Offering…
  • Bloom
    Sudanese Fintech Startup Bloom Gets $6.5m In Seed Funding

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: AcceleratorBootstrappinglogisticsstartupTopshipy combinator
Paul Balo

Paul Balo

Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Walmart Spent $580M on Microsoft Azure in 11 Months, Leak Shows May 30, 2025
    • Texas Signs Internet Regulations Targeting Apple & Google May 30, 2025
    • Chris Rogers Named New CEO of Instacart May 29, 2025
    • Spotify Adds New Features To Enhance Podcast Discovery May 29, 2025
    • FG Unveils Digital Village in Abuja with Free Internet May 29, 2025
    • Vital Lifeline: 9mobile to Launch MTN Roaming Partnership in June May 29, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok