Gozem raised over $3 million in two years of activity

Economic governance
Friday, 25 September 2020 14:34
Gozem raised over $3 million in two years of activity

(Togo First) - Since it started activities in 2018, the Lomé-based transport startup Gozem has raised more than $3 million.  

With a seed capital of $900,000, Nigerian entrepreneur, Emeka Ajene, and Raphaël Dana, a French-Swiss entrepreneur based in Singapore, launched the moto-taxi booking service in the Togolese capital while eying the West and Central African markets. “This was to introduce efficiencies into the personal transport sectors in these markets, and also to replicate the success of Gojek and Grab here in Africa,” Ajene confided in an interview with Techpoint Africa. 

As the startup recorded great success in Lomé, it was able to secure three times the initial funding from investors to expand in Africa. This also allowed it to add tricycles (to carry people and goods) and taxis to its services.  

Leveraging partnerships with supermarkets, oil companies, among others, Gozem has made it possible for its users to buy products online and profit from delivery services. 

In Q1 2020, Gozem completed a record 500,000 rides, up from 350,000 in Q4 2019. 

Still hungry for more, the startup wants to secure more funds to finance its expansion in markets such as the Democratic Republic of Congo, Mali, Burkina Faso, Senegal, and Ivory Coast. 

Séna Akoda

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