About Ecotutu
Ecotutu is a company based in Lagos (Nigeria) founded in 2020 by Michael Akinsete.. Ecotutu offers products and services including Ecotutu Freshbox, Ecotutu Cooler Bags, Ecotutu Express, Ecotutu Hub, and Ice Cell. Ecotutu operates in a competitive market with competitors including Airhouse, Bigblue, TIE Kinetix, OmniRetail and GIG Logistics, among others.
- Headquarter Lagos, Nigeria
- Founders Michael Akinsete
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Sectors
RetailTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$45.08 K (USD), Grant
Nov 24, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Ecotutu
Ecotutu offers a comprehensive portfolio of products and services, including Ecotutu Freshbox, Ecotutu Cooler Bags, Ecotutu Express, Ecotutu Hub, and Ice Cell. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides off-grid cooling for agricultural produce to prevent waste.
Portable bags for transporting perishable items safely.
Facilitates efficient last-mile delivery for fresh goods.
Platform for managing cold-chain logistics and marketplaces.
Device for preserving temperature-sensitive products during storage.
Funding Insights of Ecotutu
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $45,075
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First Round
First Round
(24 Nov 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Grant - Ecotutu | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ecotutu
Ecotutu has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Zenith Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Banking and financial services are provided to individuals and businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ecotutu
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ecotutu
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ecotutu Comparisons
Competitors of Ecotutu
Ecotutu operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Airhouse, Bigblue, TIE Kinetix, OmniRetail and GIG Logistics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
End-to-end logistics solutions for direct-to-consumer eCommerce are provided.
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| domain | founded_year | HQ Location |
Shipping solutions for online sellers are automated by Bigblue.
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SaaS solutions for electronic document exchange are offered.
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Supply-chain digitization solutions are delivered to retailers and brands.
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Provides a platform for on-demand delivery services.
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Offers a cloud-based dispatching and ordering platform for the food delivery market.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Ecotutu
When was Ecotutu founded?
Ecotutu was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Ecotutu located?
Ecotutu is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does Ecotutu do?
Ecotutu was founded in 2020 and is based in Lagos, Nigeria. Cold chain delivery management solutions are offered to grocery retailers, food processors, farms, and food markets. Services include temperature preservation during transport, last-mile cooling technology, and overall delivery optimization in the food sector. Operations focus on maintaining product integrity across the supply chain in emerging markets.
Who are the top competitors of Ecotutu?
Ecotutu's top competitors include OmniRetail, Bigblue and Airhouse.
What products or services does Ecotutu offer?
Ecotutu offers Ecotutu Freshbox, Ecotutu Cooler Bags, Ecotutu Express, Ecotutu Hub, and Ice Cell.
Who are Ecotutu's investors?
Ecotutu has 1 investor. Key investors include Zenith Bank.