Gozem, a Togolese transportation startup based in Benin, yesterday announced that it had acquired Delivroum, another Togolese startup specialising in food deliveries. This is according to a press statement that was seen by Business Elites Africa.
— GOZEM Togo 🇹🇬 (@GozemTG) October 19, 2020
Gozem’s Country Manager, Jean-Martial Moulaud, was quoted to have stated that the acquisition is in line with the startup’s overall business objectives.
“We’ve worked hard to build our delivery platform in the last months and we’re excited to integrate Delivroum into our operations in Togo. This transaction enables us to fast track our food delivery business in the country and we’re thrilled to integrate like-minded young entrepreneurs in our growth journey across Africa,” Moulaud said.
The Co-founder of Delivroum, Jean-Laud Kunakey, was also quoted to have expressed optimism over the growth prospects the acquisition offers the food delivery startup. He said that “for Delivroum, it’s a natural step to join Gozem as we’ve been in discussions for some time on how to best work together. We highly value the strong growth capability and local, multi-geography knowledge that Gozem and the management team have demonstrated. We’re proud and excited to join the family.”
It should be noted that that both startups (i.e., Gozem and Delivroum) were established in 2018. Gozem initially started out as an e-hailing firm, offering its transportation service to mostly citizens in under-served communities through the use of taxis, motorcycles, and tuk-tuks. The company had since expanded its scope of operation to include delivery and logistics.
By acquiring Delivroun which had since become a major player since its establishment, Gozem is positioning to become a major player in the Togolese eCommerce and tech ecosystems.
No mention was made about the monetary valuation of the acquisition.