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Foodlocker Nigeria | Company profile, Business Model, and Operations

Recieved Funding?
yes
Type of Funding
Grants, Seed funding, Accelerator/Incubator
Number of Funding Phases
2
Business Type
Private Company

All you need to know about Foodlocker Nigeria

Foodlocker is a platform that gathers farm produce and consumer goods for both large buyers and individuals by implementing creative and modern solutions.

Foodlocker provides a convenient and affordable way for a variety of buyers to purchase farm-fresh food and grocery items.

We achieve this by gathering products from smallholder farmers and fast-moving consumer goods companies and selling them directly to customers through our unique omnichannel retail operations.

At Foodlocker, we embrace the philosophy of "Less is More" instead of the traditional "Retail is Detail" approach.

Our goal is not to be the biggest retail store in Nigeria with the widest range of products.

Foodlocker was founded to offer a carefully curated selection of high-quality food items through our straightforward, reasonably priced, locally sourced, and incredibly convenient shopping concept.

Foodlocker was established by millennials who previously worked at Amazon and Bunnings Warehouse, bringing with them more than a decade of expertise in Operations Management, Finance, marketing, and Sales.

The founders are backed by three graduates from top universities in Nigeria, who are responsible for procurement, B2B sales, storage, and accounting.

Foodlocker receives funding from both local and international sources.

  • Headquarters: Ibadan, Oyo
  • Company size: 11-50 employees
  • Year Founded: November 2017

Our Mission

Our Mission is to become the go-to destination for farm-fresh food and grocery items in Africa, addressing logistical and infrastructural challenges in the food value chain across the continent.

Our Vision

We aim to be the ultimate destination for fresh food products in Nigeria, bridging the gap between local farmers and consumers seeking convenient, healthy, transparent, and fairly priced food options. Our operations adhere to international standards of quality, service, integrity, and professionalism.

Our Service

For Consumers:

  • Online Grocery Shopping: Order various groceries including farm-fresh produce, meat, cooking staples, household items, and more through their user-friendly online store.
  • Delivery: Enjoy convenient delivery within Ibadan within a 2-hour window (delivery terms might change, so it's always best to check their website for the latest information).
  • PickUp: If delivery isn't your preference, you can pick up your grocery order directly from their store.

For Businesses:

  • B2B Food Distribution: Foodlocker acts as a bridge between large food buyers and smallholder farmers in Nigeria.
  • Demand-Matching Technology: They leverage technology to predict demand for food products and connect buyers with the most suitable farmers, aiming to improve efficiency in the food supply chain.
  • Procurement Streamlining: Their services can potentially simplify the procurement process for businesses looking to source farm-fresh foodstuff.

Our Products

  • Baby Foods
  • Baking
  • Biscuits
  • Cereals
  • Condiments
  • Drinks
  • Food & Sea
  • Fruits
  • Kitchen Items
  • Meat
  • Oil
  • Pasta
  • Poultry
  • Processed
  • Provisions
  • Snacks
  • Special Buys
  • Staples
  • Superfoods
  • Sweet
  • Tubers
  • Vegetables

How to Shop With Foodlocker

  • Search for Products
  • Add to Cart
  • Click Cart to Check Out
  • Pay Online
  • Wait for Delivery or Collect in Store
Company Co-founders
Jennifer Okoduwa
Aiki Olufemi

Foodlocker Nigeria
Business Model

The Company major services and product include: Ecommerce, Retail, Meat, Fruits & Vegetables, Staples, Marketing, Oil (vegetable & palm), aggregator, farm produce, and soybean

The Company was Founded
The Company was established on
November 3, 2017
HeadQuarters
The Company has its Operational Headquarters at Ibadan, Oyo
Industry
The Company is contributing to the development of the Industry B2C, Retail
Staff Strength since Inception
The Company prides in her team member of about 1 - 50 active members

Foodlocker Nigeria Business Model

The Company major services and product include: Ecommerce, Retail, Meat, Fruits & Vegetables, Staples, Marketing, Oil (vegetable & palm), aggregator, farm produce, and soybean

yes
Have they recieved Funding from VCs
yes
Have they recieved Funding from VCs
yes
How many number of Funding rounds?
Not Available
Company Net worth as of 2023

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