News

February 18, 2021

Obeezi raises $2m in capital funding to accelerate growth

E-Commerce

E-commerce

By Okechukwu Emmanuel

Obeezi.com, a leading e-commerce platform in Nigeria, proudly announces the successful raising of $2 millions in capital funding. This significant investment marks a pivotal milestone in the company’s growth trajectory and reaffirms its position as a key player in the Nigerian e-commerce sector.

The funding round attracted a diverse group of investors, including venture capital firms, private equity funds, and strategic investors from both local and international markets. This influx of capital will enable Obeezi.com to enhance its technological infrastructure, expand its product offerings, and improve customer service, thereby providing a seamless and enriched shopping experience for its users.

We are thrilled to have secured this substantial investment, which is a testament to the confidence our investors have in Obeezi.com’s vision and growth potential,” said Mr. Timothy Enitinwa, CEO of Obeezi.com. “This funding will allow us to scale our operations, innovate our platform, and reach more customers across Nigeria and beyond.”

Since its inception, Obeezi.com has revolutionized the way Nigerians shop online, offering a wide range of products, from fashion and electronics to household items and groceries. The platform has distinguished itself with its user-friendly interface, competitive pricing, and commitment to customer satisfaction.

With the new capital, Obeezi.com plans to invest heavily in cutting-edge technology, including artificial intelligence and machine learning, to personalize the shopping experience and improve operational efficiency. Additionally, the company aims to expand its logistics network, ensuring faster and more reliable delivery services.

“We are dedicated to making Obeezi.com the go-to destination for online shopping in Nigeria,” added Mr. Enitinwa. “This investment will enable us to bring more value to our customers, support local businesses, and contribute to the growth of the Nigerian economy.”

Investors have expressed strong optimism about Obeezi.com’s future. “Obeezi.com has demonstrated impressive growth and resilience in a competitive market. We believe in their mission and are excited to support their journey towards becoming the leading e-commerce platform in Africa,” said General Partner at Hux Ventures, Sam Ojei, one of the leading investors in this funding round..

As Obeezi.com embarks on this new chapter, the company remains committed to its core values of innovation, excellence, and customer-centricity. With the support of its investors and the dedication of its team, Obeezi.com is poised to redefine the landscape of e-commerce in Nigeria.

Obeezi.com is a premier e-commerce platform in Nigeria, offering a vast array of products ranging from fashion and electronics to groceries and household items. Founded with the mission to provide a convenient and enjoyable shopping experience, Obeezi.com combines a user-friendly interface with competitive pricing and exceptional customer service. The company is headquartered in Lagos, Nigeria.