TradeDepot - About the company
TradeDepot is a series B company based in Lagos (Nigeria), founded in 2015 by Onyekachi Izukanne. It operates as a Provider of software solutions for B2B manufacturers and retailers for redistribution of stocks. TradeDepot has raised $123M in funding from investors like IFC, Partech Partners and MSA Capital. The company has 48 active competitors, including 19 funded and 2 that have exited. Its top competitors include companies like Anchanto, Shipup and OneStock.
Company Details
Provider of software solutions for B2B manufacturers and retailers for redistribution of stocks. The company provides dashboard to suppliers enabling them to manage secondary distribution which includes retail coverage and demand discovery and manages orders & inventories. They can also have a real-time view of the prices and discounts available from every major brand & can order those products which are then delivered to them as the order is routed to the appropriate nearby depot.
- Website
- tradedepot.co
- Social
- Email ID
- *****@tradedepot.co
- Phone Number
- +234 **********
Key Metrics
Founded Year
2015
Location
Lagos, Nigeria
Stage
Series B
Total Funding
$123M in 5 rounds
Latest Funding Round
Ranked
5th among 48 active competitors
Employee Count
504 as on Sep 30, 2026
Investment & Acquisitions
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TradeDepot's funding and investors
TradeDepot has raised a total funding of $123M over 5 rounds. Its first funding round was on Mar 2018. Its latest funding round was a Conventional Debt round on Feb 2023 for $*****. 1 investor participated in its latest round. TradeDepot has 13 institutional investors.
Here is the list of recent funding rounds of TradeDepot:
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Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 2023 | 7891560 | Conventional Debt | 7387240 | 6274922 | 1522368 | 7263769 |
Dec 06, 2021 | 4210517 | Conventional Debt | 1412683 | 2695189 | 3149061 | |
Nov 08, 2021 | 9545135 | Series B | 2399021 | 9833079 |
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TradeDepot's founders and board of directors
Founder? Claim ProfileThe founders of TradeDepot is Onyekachi Izukanne. Onyekachi Izukanne is the CEO of TradeDepot.
Here are the details of TradeDepot's key team members:
- Onyekachi Izukanne: Co-Founder & CEO of TradeDepot.
View details of TradeDepot's Founder profiles and Board Members
TradeDepot's employee count trend
TradeDepot has 504 employees as of Sep 26. Here is TradeDepot's employee count trend over the years:
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TradeDepot's Competitors and alternates
Top competitors of TradeDepot include Anchanto, Shipup and OneStock. Here is the list of Top 10 competitors of TradeDepot, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of e-commerce software and supply chain management solutions | $16.1M | 68/100 | ||
2nd | Parcel tracking software for online retailers | $8.15M | 63/100 | ||
3rd |  OneStock 2010, London (United Kingdom), Series A | Cloud-based backend management tool for omnichannel retailers | $72M | 56/100 | |
4th | Provider of informal distribution logistics solutions for businesses | $66M | 51/100 | ||
5th |  TradeDepot 2015, Lagos (Nigeria), Series B | Provider of software solutions for B2B manufacturers and retailers for redistribution of stocks | $123M | 48/100 | |
6th | Provider of cloud-enabled asset-light fulfillment services | $26M | 51/100 | ||
7th | iVend Retail 2004, New York City (United States), Series C | Retail management software for offline retail stores | $60M | 51/100 | |
8th | MarketForce360 2017, Nairobi (Kenya), Series A | Cloud-based operation management solutions for e-commerce brands | $42.6M | 47/100 | |
9th |  3PL 2006, Manchester (United Kingdom), Funding Raised | Provider of order fulfilment, warehousing, and logistics services for businesses | - | - | 45/100 |
10th | Online B2B marketplace offering food products | $23.3M | 44/100 |
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TradeDepot's Investments and acquisitions
TradeDepot has acquired Green Lion. TradeDepot has not made any investments as of now.Reports related to TradeDepot
Here is the latest report on TradeDepot's sector:
News related to TradeDepot
•
Distribution Leader TradeDepot Partners with PRIME to Introduce PRIME Hydration into West AfricaCNW•Nov 19, 2024•TradeDepot, Prime Hydration
•
B2B eCommerce platform TradeDepot appoints Chidi Akubuiro as Managing Director for West Africa.TechMoran•May 09, 2022•TradeDepot, Coca-Cola Hellenic
•
B2B eCommerce acquisition looks to tap into Ghana’s US$24.4bn retail sectorITWeb•Feb 24, 2022•Green Lion, TradeDepot
•
Africa's TradeDepot raises $110 million in Series B roundRetail Technology Innovation Hub•Dec 06, 2021•TradeDepot, IFC, NovaStar, Sahel Capital and 9 others
•
Nigeria's TradeDepot raises $10 million in pre-Series B fundingAgFunderNews•Jul 17, 2020•Partech Partners, IFC, We-Fi, TradeDepot and 1 other
•
TradeDepot adds $10 million to add financial services to its supply chain services for African SMBsTechCrunch+•Jul 14, 2020•TradeDepot, MSA Capital, IFC, We-Fi and 3 others
•
Bertelsmann: Digitalization and purchasing power are on a steady increase in many African countries; we are taking part in Partech Africa fundEuropaWire•Jan 24, 2019•Bertelsmann, TradeDepot, Partech Partners, Yoco and 6 others
•
Nigerian startup TradeDepot scores big with $3m in funding from PartechVentureburn•Apr 26, 2018•TradeDepot, Partech Partners, Trade Depot
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