#46: MAX (Metro Africa Xpress) - How the mobility tech platform is providing transportation & delivery services across Africa

Afrobility: Africa Tech and Business

Вміст надано Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

2+ y ago 2:22:43

MP3•Головна епізоду

Overview: Today, we’re going to talk about MAX - the Nigerian mobility tech platform. We’ll explore Max's story across 6 areas:

Context on motorbike transportation platforms in other emerging markets
Background on Nigeria transportation
Max.'s launch, early history, growth over time & fundraising
Product & monetization strategy
Competitive positioning & potential exit options
Overall outlook

This episode was recorded on Jan 30, 2022

Companies discussed: MAX (Max.africa, Max.ng), GiG Logistics, Red Star Express, Gokada, GoJek, Breakthrough Energy Ventures, Jumia Food, Konga, Uber, Africa Courier Express (ACE), Pathao, Flutterwave & Safeboda

Business concepts discussed: Ridesharing, Mobility in emerging markets, Debt Fundraising by startups,

Conversation highlights:

(01:20) - MAX.Africa context
(07:20) - Ridesharing in emerging markets (GoJek)
(10:30) - Transportation Mobility in Nigeria
(15:00) - Background on the founders - Tayo Bamiduro and Chinedu Azodoh
(18:50) - Founding and early history of MAX
(22:05) - Fundraising and early growth
(38:20) - Metrics and traction
(59:39) - Product & monetization strategy
(1:16:51) - Competition and options for exit
(1:31:30) - Bankole’s overall thoughts and outlook
(1:45:25) - Olumide’s overall thoughts and outlook
(1:53:55) - Recommendations and small wins

Olumide’s recommendations & small wins:

Recommendation: Good time (Owl City & Carly Rae Jepsen): Love it! I can listen to on repeat for the rest of my life, Thinking in bets (Annie Duke). Life's Most Bitter Truth: What Your University Never Taught You (MJ Demarco):Talks about the value of time and having experiences and building financial independence in your youth. I'm one of the biggest Mj Demarco Fans so no doubt I love this video
Small win: Celebrating birthday with friends
Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com
Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or Food, please contact me for funding at olumide@afrobility.com

Bankole’s recommendations & small wins:

Recommendation: Levels - Flavour & Rebel - Shenseea
Small win: Lots of sports weekend of Jan 27 - NFL, Chelsea FC, AFCON, UFC
Other content: Jukedeck, AI- generated music startup acquired by TikTok - Jukedeck - https://soundcloud.com/jukedeck & Nearly All The Men in Lagos Are Mad - Amazon & How to Decide by Annie Duke - Amazon

Listeners, Operators & Investors: Email info@afrobility.com, we’d love to partner or get your feedback.

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