Uganda’s Ride-Hailing Startup SafeBoda Secures Funding From GOJEK And Allianz X

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Summary

The bike-sharing firm is reported to be winding down with its preparations to enter the most populous black nation, barely a year after it took its operations to Kenya. Planning to make its Nigerian inroad via Lagos, the firm exclusively revealed that it had appointed Babajide Duroshola as its Country Head. The appointee previously worked with Andela Nigeria where he served as Community Manager at the firm’s Technical Talent arm. By not taking on Abuja, SafeBoda is heading to the West African country’s commercial nerve, where other ride-hailing firms already have strong footing, especially GoKada and MAX. Because both companies are backed by the same investor – South Africa’s CRE Ventures – there are rising opinions that SafeBoda and GoKada could coexist mutually as ride-hailing siblings.

$ Funding

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Amount - Total raised
Date May 7, 2019 Announcement date
Investors Ozie Group LLC, CRE Venture Capital, Allianz X Lead investors
Company https://www.safeboda.com/home/ Funded company

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