HopeBox

Decent affordable homes for the critical segment of the population in developing nations in Africa. This is now a reality thanks to HopeBox
  • Sector Real Estate, Manufacturing tech & materials, Tech
  • Country Nigeria
  • Founding date March 2018
  • Stage Prototype
With the low home ownership ratio in Africa especially in Nigeria, and with the rise of the middle class, there is a critical need for desirable affordable dwellings and communities. HopeBox is developed to systemically address the housing deficit in urban landscapes in the most innovative ways.

General

Sector
Real Estate, Manufacturing tech & materials, Tech
Category
Consumer, Hardware
Product usage or interact
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android))

Business

Customer acquisition strategy
A number of ways:
Partnering with Mortgage facilities
Lottery
Invitation to subscribe
Outright sales
Website and Social Media Presence
Revenue model
Transactional - Direct sales to customers from stores and from the Website
Subscription - In partnership with Mortgage agencies for Down payments and spread
Direct sales
Website

Market info

Market size
$3,500,000,000

Total early investment
$7,000,000
Shareholder structure
Owner type
Name
Equity
Nduka-Dike
Co-Founder
% 60
Olatona
Co-Founder
% 40
Investment round
Angel Investment
Investment amount
$7,000,000
Equity on offer
% 40.0

Team

Eberechi Nduka-Dike  - Nigeria
Total team member
0
Comment
Last update: 28.09.2019