QUICK TAKE: Nigeria’s Plentywaka Has been Admitted into Techstars Toronto Accelerator Programme
Fast-rising Nigerian ride hailing startup, Plentywaka, announced earlier today that it had been accepted into the Techstars Toronto Accelerator Programme.
The tech startup, which was co-founded in 2019 by Onyeka Akumah and Johnny Ena, is among nine other startups that were selected to participate in the 2021 accelerator programme. They will also secure funding to help scale their business operations.
A statement by Plentywaka, which was seen by Business Elites Africa, quoted CEO Onyeka Akumah to have said: “We are very excited about this new investment to partner with Techstars. This is the second time a startup I founded will go through a Techstars accelerator program and we are truly happy they have believed in our ability again to execute. The Plentywaka team will join the Techstars Toronto program to gain further funding, mentorship, and access to a rich network of entrepreneurs and experts in the travel industry. This will also see us expanding globally to other countries, starting with a city in Canada on or before the fourth quarter of 2021”.
The Managing Director of Techstars Toronto, Sunil Sharma, also commented on the development saying: “Our only goal is to leverage the broader ecosystem to support and grow these incredible companies. Techstars is the worldwide network that helps entrepreneurs succeed, and strong partners and mentors help make this happen”.
Recall that last year, Plentywaka secured $300, 000 in seed funding from Microtraction, Niche Capital, and EMFATO. The company also sealed a partnership deal with Innoson Vehicles, the leading indigenous automotive manufacturer based in Nnewi.
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