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Nigeria s Hytch Shuts Down Due To Paucity Of Funds

Hytch, a Nigerian logistics startup and ride-sharing platform that connects car owners and passengers going the same direction to help

Laolu onifadeFemi omoniyiChief executive officerCo founder femi omoniyi

👨🏿‍🚀 TechCabal Daily - Partech Africa s $262 million fund

Partech Africa has closed its second fund, Partech Africa II, at €245 million (roughly $262 million). More in #TCDaily.

Democratic republic of the congoUnited kingdomNairobi areaSouth africaSouth africanAbiola alabiPartech africaLaolu onifadeDaniel etim effiongCyril collonBpifrance investissementWorld bank groupPetroleum regulatory authorityGerman development bankJasiri talent investor programmeThekwini furniture cluster acceleration programme

Lack of funding forces Hytch to shut down operations

Hytch was only in the market for nine months, and it has, in that short time, lived two lives transporting humans and moving goods.

Sim shagayaLaolu onifadeFemi omoniyiCo creation hubBill paladino

Hytch ditches car-pooling to provide logistics to small businesses

Hytch has aborted its ambitious mission of scaling the highly-fragmented in-city car-pooling to help small businesses fulfill their orders.

United statesLaolu onifadeEstonian boltFrench blablacarGreentec capital

Can Hytch succeed where GoMyWay failed?

Hytch is a ride-sharing platform that connects car owners and passengers going the same direction to help vehicle-pool to their destination.

South africaSan franciscoUnited statesSim shagayaLaolu onifadeDamilola teidiHytch africaCo creation hubBill paladinoPool chanceFrench blablacar

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