Parcel-it Overview

  • Year Founded
  • 2016

Year Founded

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • M&A

Parcel-it General Information

Description

Provider of on-demand logistics services intended to connect dispatch riders to courier/delivery requests for fast, reliable and affordable deliveries. The company offers a convenient, fluid and transparent last-mile delivery experience using a mobile app and API and addresses common pain points such as security through screening and training of riders and GPS tracking and aggregates courier companies to ensure a steady supply of riders, while riders register with the platform as independent contractors, enabling riders to earn additional revenue in their free time.

Contact Information

Website
www.parcel-it.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • Number 1, Emerald Crescent, Treasure Gardens Estate
  • Freedom Way, Ikate-Lekki
  • Lagos
  • Nigeria
Primary Industry
Logistics
Acquirer
Fixit45
Corporate Office
  • Number 1, Emerald Crescent, Treasure Gardens Estate
  • Freedom Way, Ikate-Lekki
  • Lagos
  • Nigeria

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Parcel-it Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Merger/Acquisition 29-Nov-2021 Completed Generating Revenue
2. Seed Round 08-Oct-2018 Completed Generating Revenue
1. Accelerator/Incubator $23.85 $23.85 Completed Startup
To view Parcel-it’s complete valuation and funding history, request access »

Parcel-it Former Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds
GreenTec Capital Partners Impact Investing Minority
The Tony Elumelu Foundation Accelerator/Incubator Minority
To view Parcel-it’s complete investors history, request access »

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Parcel-it FAQs

  • When was Parcel-it founded?

    Parcel-it was founded in 2016.

  • Who is the founder of Parcel-it?

    Gregory Asenime, Araba Steve, and Opeoluwa Joseph are the founders of Parcel-it.

  • Where is Parcel-it headquartered?

    Parcel-it is headquartered in Lagos, Nigeria.

  • What industry is Parcel-it in?

    Parcel-it’s primary industry is Logistics.

  • Is Parcel-it a private or public company?

    Parcel-it is a Private company.

  • What is Parcel-it’s current revenue?

    The current revenue for Parcel-it is .

  • How much funding has Parcel-it raised over time?

    Parcel-it has raised $23.85.

  • Who are Parcel-it’s investors?

    GreenTec Capital Partners and The Tony Elumelu Foundation have invested in Parcel-it.

  • When was Parcel-it acquired?

    Parcel-it was acquired on 29-Nov-2021.

  • Who acquired Parcel-it?

    Parcel-it was acquired by Fixit45.

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