About TradeDepot
TradeDepot is a company based in Lagos (Nigeria) founded in 2015 by Michael Ukpong and Onyekachi Izukanne.. TradeDepot has raised $123 million across 4 funding rounds from investors including International Finance Corporation, Partech Partners and British International Investment. TradeDepot has completed 1 acquisition, including Green Lion. TradeDepot operates in a competitive market with competitors including Unicommerce, Alerzo, Anchanto, Sabi and everstox, among others.
- Headquarter Lagos, Nigeria
- Founders Michael Ukpong, Onyekachi Izukanne
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Sectors
TechnologyRetail Transportation, 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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Total Equity Funding
$123 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
International Finance Corporation
& 9 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of TradeDepot
TradeDepot has successfully raised a total of $123M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(01 Mar 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Debt – Conventional - TradeDepot | Valuation |
investors |
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| Nov, 2021 | Amount | Series B - TradeDepot | Valuation | IFC | |
| Jul, 2020 | Amount | Series A - TradeDepot | Valuation | Partech Partners , IFC |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 TradeDepot
TradeDepot has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include International Finance Corporation, Partech Partners and British International Investment. 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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Loans and credit solutions are provided by Arcadia Funds.
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Founded Year | Domain | Location | |
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Sahel Group is engaged in private investment and consulting services.
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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 TradeDepot
TradeDepot has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Green Lion. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Consumer products are retailed by Green Lion in Ghana.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TradeDepot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Tradedepot Comparisons
Competitors of TradeDepot
TradeDepot 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 Unicommerce, Alerzo, Anchanto, Sabi and everstox, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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| domain | founded_year | HQ Location |
Provider of software solutions enabling informal distribution for retail businesses
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce and logistics operations are delivered.
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| domain | founded_year | HQ Location |
Informal distribution logistics solutions are provided for businesses in Nigeria.
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| domain | founded_year | HQ Location |
Cloud-enabled asset-light fulfillment services are provided for e-commerce and retail.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Tradedepot
Frequently Asked Questions about TradeDepot
When was TradeDepot founded?
TradeDepot was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is TradeDepot located?
TradeDepot is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of TradeDepot?
Onyekachi Izukanne is the current CEO of TradeDepot. They have also founded this company.
Is TradeDepot a funded company?
TradeDepot is a funded company, having raised a total of $123M across 4 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Mar 01, 2018.
What does TradeDepot do?
TradeDepot was founded in 2015 in Lagos, Nigeria, as a provider of software for B2B manufacturers and retailers in the supply chain sector. Secondary distribution is facilitated through a dashboard that enables management of retail coverage, demand discovery, orders, and inventories. Real-time visibility into prices and discounts from major brands is offered, with orders routed to nearby depots for delivery. Operations focus on streamlining stock redistribution across the region.
Who are the top competitors of TradeDepot?
TradeDepot's top competitors include Anchanto, Sabi and Unicommerce.
How many acquisitions has TradeDepot made?
TradeDepot has made 1 acquisition, including Green Lion.
Who are TradeDepot's investors?
TradeDepot has 10 investors. Key investors include International Finance Corporation, Partech Partners, British International Investment, We-Fi, and Arcadia Funds.
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