No menu items!

    The Owlet May Be Africa’s Subsequent Tech Unicorn

    The startup tradition in Nigeria is booming. In each nook, there’s a younger thoughts pondering learn how to present cost options, disrupt one business, or resolve one main downside inside the ecosystem.

    Even with a number of the harshest financial situations in Africa, younger Nigerians are striving to construct unimaginable merchandise.

    You solely want to have a look at this yr’s Y-Combinator winter batch, which is about to be the most important batch for African startups but, to see the variety of sensible concepts/options being purported. It’s thrilling to observe them develop.

    A kind of sensible younger people with desires of adjusting the established order is Elijah Olusehinde Kolawole, the CEO and founding father of The Owlet, an easy-to-navigate digital market out to democratize buying in Africa.

    The Owlet is Africa’s first social media market and is outlined by tech aficionados as one of many wonderful new digital merchandise rocking the ecosystem. Like most of those dreamers/founders, Elijah got down to resolve an issue that he couldn’t keep away from.

    When Idorenyin Obong and Femi Aghedo, founders of Aboki Africa, launched Gray Finance, they wished to unravel a easy downside they confronted.

    Obong, who labored remotely for worldwide corporations, was getting paid in {Dollars}.

    The cash was flowing into his domiciliary accounts. Nonetheless, when it was time to change it for Naira, he needed to discover a financial institution, withdraw money and meet with a Bureau De Change operator.

    He would journey lengthy distances for only one transaction. Nigerians wrestle to change foreign exchange of their domiciliary accounts for native foreign money.

    Elijah’s startup story will not be so dissimilar. He was born in Lagos, the most important metropolis in Nigeria, a rustic suffering from site visitors and a rising inhabitants. The arithmetic graduate from Osun State College noticed congestion and overpopulation firsthand.

    When he moved in along with his aunt in Ogun State, he witnessed the inefficiency of the bodily markets. “My aunty was a dealer, so I used to observe her to the market to assist. The situation was insufferable. The odor was horrible and it was not even secure. 

    The place was jampacked, folks had their issues stolen, and girls face harassment and all types of social ills out there. It’s not a great place. You might be strolling round within the warmth and all of the hostility in search of what you got here for.”

    From a younger age, he was considering constructing a business buying expertise that mitigated all the buyer struggles whereas permitting entrepreneurs to earn extra from their companies. Whereas that concept sat gallantly in his thoughts, he fell in love with social media and the web because the expertise growth flourished.

    He held a job whereas at school. Elijah later give up the job, describing it as ‘unbelievably boring’. He started to pursue excellence in social media/group administration.

    All of it started to align for him to pursue his desires, and he began constructing the muse for The Owlet whereas at school.

    The Owlet is Africa’s first social media market. Its objective is to revolutionize buying on the continent by permitting entrepreneurs to earn extra from their companies with out the excessive overhead of a bodily store.

    It additionally seeks to supply a greater connection between customers and retailers to simplify buying on the continent.

    For customers, The Owlet gives comfort by permitting consumers to buy over 5 million merchandise from over 10,000 sellers all throughout Africa. Merely put, The Owlet strives to make e-commerce as seamless as attainable in Africa, giving consumers a clean approach to purchase and promote items.

    As a enterprise proprietor, now you can have your digital store! The Owlet will aid you earn extra by offering an easy-to-navigate platform that permits prospects to simply buy the objects or providers you might be promoting. For consumers, The Owlet makes it attainable to buy anytime and anyplace. Now you can do your grocery buying with out worrying about lugging heavy luggage or shopping for what you don’t want. The Owlet is a digital market that provides entrepreneurs and prospects higher buying experiences.  

    I preserve telling those who constructing The Owlet was not even the exhausting half, however they by no means imagine me. The exhausting half got here after we needed to run campaigns to carry enterprise homeowners on-line. For a model constructed on being on-line, we needed to ditch every part we knew about on-line advertising and marketing and stroll into the streets to get folks to attempt our market. For younger folks, adoption of our product was simple. For the older technology, it took quite a lot of convincing for them to belief our model.”

    The bodily advertising and marketing technique additionally introduced his younger staff collectively and bonded them even nearer. “Chances are you’ll not know this however there’s a main youth empowerment drive powering The Owlet. We got down to create employment for as many younger folks as attainable.

    The common age of the staff is between 24 and 25 years. Our staff includes of sensible social media and advertising and marketing specialists attempting to impression the world in their very own approach and we’re so proud about all we’re attaining.”

    Within the phrases of the CEO, The Owlet needs to enhance the buying expertise throughout Africa. The enterprise mannequin was hyper-criticized particularly when Elijah stated he wouldn’t be in search of traders and self-fund the whole venture. Nonetheless, he smiles when requested about his choices. “Our lights are on, and they’re in no hazard of being turned off. All our workers are paid promptly and in full. Our freelancers and interns are striving bullishly to safe everlasting positions. We have now top-of-the-line employer manufacturers round.

    Even when I am going again to after we first began, I’d nonetheless do it the identical approach. I wouldn’t have it some other approach. We don’t have to fret about what we’re doing with investor funding, and we don’t have to elucidate something to anybody however ourselves. We have now no exit methods. We’re simply taking daring and thrilling steps at will. Once we misstep, we take a step again and analyze earlier than transferring on.” 

    The Owlet connects enterprise homeowners with customers via a market that provides a handy and hassle-free solution to store.

    It’s a revolutionary market that intends to alter the eCommerce business, eliminating the inefficiencies of the outdated guard with their antiquated enterprise fashions. Their market is making it simpler for enterprise homeowners to get their merchandise in entrance of the market and to their prospects, and serving to them to extend their margins.


    Get latest news from African Startup ecosystem

    Latest stories

    You might also like...