LOMBAZ swift Ltd

LOMBAZ is a delivery and waybill-hailing App
  • Sector Logistics, Shipping And Delivery, Waybill-Hailing App
  • Country Nigeria
  • Founding date January 2020
  • Stage Paying users
LOMBAZ Swift tackles the problem faced by farmers, individuals, micro and small business owners who reside in rural areas, hinterland and last miles with little or no access to logistics and delivery agencies. LOMBAZ provide these group of people a waybill-hailing App with readily available independent deliverer to help them deliver their food products, goods, items and parcels same day.

General

Sector
Logistics, Shipping And Delivery, Waybill-Hailing App
Category
Software
Product usage or interact
Mobile/Tablet (iOS), Mobile/Tablet (Android))

Business

Target customer
Farmers, individuals, corporate organizations, household and business
Customer acquisition strategy
Through one on one engagement and social media
Revenue model
We have projected our revenue to the tune of $1 million dollar in the next 12 months.

Market info

Market size
$30,000,000
Competitors
Competitor name
Competitor website
GIG Logistics
https://www.giglogistics.com
Competition
GIG Logistics, Kobo360.com, Oride, Otrek and gokada. All these competitors are providing solutions to the logistics and delivery problems in Nigeria and yet 65% of individuals and small business owners are under served especially the rural farmers and hitterlands including the last-mile populace. This is where LOMBAZ cut into the logistics and delivery sub-sector of Nigeria, by providing waybill-hailing App that takes delivery into the nook and crannies of Nigeria.
Startup traction
10 small businesses and many corporate individuals has done waybill through LOMBAZ recently and more businesses are connecting with us, especially the farmers.

Total early investment
$65,000
Shareholder structure
Owner type
Name
Equity
Mba Agha
Founder
% 40
Stanley Osoezi
Co-Founder
% 20
Victor Awoke
Co-Founder
% 15
Chinecherem Ugwuanyi
Co-Founder
% 7
Abaegbu Nnachi
Employee stock option
% 7
Florence Mba
Employee stock option
% 5
Okechukwu Egboluche
Employee stock option
% 3
Harold Onwusi
Employee stock option
% 3
Investment round
Angel Investment
Investment amount
$65,000
Equity on offer
% 7.0

Team

Mba Agha  - Nigeria
Total team member
8
Comment
We are creating huge employment opportunity for anyone who become our deliverer and our independent deliverer cut across Passengers, Travellers, Tourist, Bus driver, Okada riders, Private car owners and lorry drivers. Then, on the aspect of the users we bridge the gap and barriers that obstruct interstate, hinterland and last mile delivery barriers.
Last update: 12.10.2020