About UniSmart
UniSmart was a Retail company based in Abuja (Nigeria) founded in 2013 by Frederik Obasi and Taofeeq Alabi. It operates a digital hub offering multi-category deals for students. It operates on a B2C model. UniSmart has raised $25 thousand across 1 funding round from investors including Savannah Fund. The company is recorded as dissolved. Its focus areas include E-commerce, Online Retail, Student Services and Deal Aggregators. Its competitors include DealDey and Zowasel; 2 of its 2 listed competitors have raised funding.
Company details
UniSmart operates a digital hub offering multi-category deals for students, focusing on operating online marketplaces, selling products via the internet, student services, and deal aggregators. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Abuja, Nigeria
- Founders Frederik Obasi, Taofeeq Alabi
- SectorsRetail
- Website unismart.com.ng
- Social X
- Total Equity Funding$25K (USD)
in 1 rounds
- Latest Funding Round$25K (USD), Seed
Apr 2014
- Investors
Funding Insights of UniSmart
UniSmart has successfully raised a total of $25K through 1 strategic funding round. The most recent funding activity was a Seed round of $25 thousand completed in April 2014. 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 $25,000
- Total Rounds 1
- Last Round Seed — $25,000
- First Round $25,000
(Apr 2014)
- Investors Count 1
All 1 funding rounds of UniSmart with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2014 | $25,000 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in UniSmart
UniSmart has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Savannah Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Savannah Fund is focused on seed investments in African technology startups. | 2012 | savannah.vc | Ebene, Mauritius |
Investor details for UniSmart
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of UniSmart
2 people are tracked at UniSmart (2 in leadership).
| Name | Role | Group |
|---|---|---|
Frederik Obasi | Co-Founder | Leadership |
Taofeeq Alabi | Co-Founder | Leadership |
Complete people profiles for UniSmart
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of UniSmart
2 dated milestones of UniSmart across 1 years, from founding to its latest funding, stage changes and deals.
- Founded UniSmart is founded.
- Funding First funding round of $25K.
Competitors of UniSmart
UniSmart has 2 listed competitors in our database, 2 of them funded. They include DealDey and Zowasel.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dealdey.com | 2011 | Lagos, Nigeria | $6M | Discounted deals on products and services are provided in Nigeria. | ||
| zowasel.com | 2015 | Ikeja, Nigeria | $100,000 | Local deals are aggregated online for restaurants, spas, and products. |
Detailed competitors of UniSmart
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about UniSmart
UniSmart was founded in 2013 and raised its 1st funding round 1 year after it was founded.
UniSmart is headquartered in Abuja, Nigeria. It is registered at Abuja, Federal Capital Territory, Nigeria.
UniSmart is a funded company, having raised a total of $25K across 1 funding round to date. The company's 1st funding round was a Seed of $25K, raised on Apr 2014.
UniSmart operates a digital hub offering multi-category deals for students, focusing on operating online marketplaces, selling products via the internet, student services, and deal aggregators. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
UniSmart has 1 investor. Key investors include Savannah Fund.