Businesses on Glovo have been making waves in Nigeria, generating a whopping ₦71 billion in revenue over the past four years. In a market where competitors like Bold Food and Jumia Food struggled to keep up, Glovo and Chowdeck emerged as the frontrunners, reshaping the food delivery landscape with their innovative approach.
While others faltered, Glovo stood its ground, offering more than just your typical shawarma and rice deliveries. The recent Future of Commerce summit shed light on Glovo’s significant contribution to the Nigerian economy by facilitating local businesses to earn big bucks through their platform.
At the same event, Chowdeck proudly announced remarkable milestones achieved by its vendors. Amoke Oge completed over 500,000 deliveries, resulting in an impressive estimated sales figure of ₦2.3 billion. Another success story came from Korede Spaghetti, raking in a cool ₦1 billion through sales. It’s evident that both Glovo and Chowdeck are dominating Nigeria’s food delivery scene.
When it comes to comparing Glovo and Chowdeck’s sizes and market presence, it seems like a close call. While some might argue that Chowdeck holds an edge due to wider popularity and city coverage, numbers can often paint a different picture than what meets the eye.
The rise of these two players begs the question: why did Bolt Food and Jumia Food exit the market? Amidst all the success stories shared by current players, one cannot help but wonder if there are undisclosed challenges or complexities at play that led to their departure.
On another front, Nigeria’s standing in the global startup ecosystem has witnessed a decline according to the 2025 Global Startup Ecosystem Index. Once dubbed Africa’s Silicon Valley, Nigeria now finds itself slipping down the ranks due to various factors such as currency fluctuations, policy uncertainties, VC challenges, and brain drain issues impacting growth rates across key cities like Lagos.
Despite this setback, there is optimism as six Nigerian cities maintain positions within the top 1,000 globally. Emerging entrepreneurial hubs like Benin and Kano are also gaining traction regionally for their promising startup environments.
However promising these developments may be for Nigeria’s tech scene; it is clear that substantial support through sound policies and adequate funding mechanisms will be crucial for sustaining this momentum towards becoming a true startup capital in Africa.
Switching gears from startups to tech innovation giants – Elon Musk is once again making headlines with his latest venture XChat under his revamped Twitter-like platform X. With features like group chats, end-to-end encryption options for privacy-conscious users looking beyond traditional DM functionalities into uncharted territories of communication tools.
XChat aims to offer users enhanced messaging capabilities such as vanishing messages feature for added privacy control along with file sharing options keeping pace with evolving user preferences while integrating multiple services under one roof aligning with Musk’s vision of transforming X into an “everything app.”
Though still in beta phase accessible only to select paid users currently — Musk’s push towards redefining digital communications signals a shift towards more secure yet versatile messaging experiences setting new standards within social media landscapes blending convenience with cutting-edge security measures ensuring user data protection amidst evolving cyber threats.
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