Deliver Addis, Ethiopia’s online food delivery firm has raised follow-on funding from RENEW and the Impact Angel Network through its partner Technology Solutions LLC (Roadrunner).
The third investment in Roadrunner and Deliver Addis will increase the companies’ capacity, enable them to reduce prices and increase efficiency to expand market share and offer new products and services to the market.
Roadrunner and Deliver Addis handle large amounts of orders and coordinate drivers to shorten delivery times. The IAN’s investments financed the enhancement of this platform and an expansion of Deliver Addis’s fleet. The firm now provides food from over 100 restaurants, groceries, flowers, and other consumer products.
Founded in 2015, the firm received the third investment in April 2020, in response to increased demand caused by the COVID-19 outbreak.
With the funding, the firm has expanded services to include an online marketplace that enables Ethiopian consumers to shop for groceries and other essential goods online. Since the IAN’s initial investment, the company’s daily deliveries have grown 630%.