Last week, FoodCourt, a YC-backed food delivery startup, temporarily suspended operations. Meanwhile, fellow YC startup Chowdeck delivered over ₦1.5 billion worth of groceries in a month.
It is tempting to see these as two unrelated stories, but they are not. Together, they offer a reminder of the realities of building a food-tech business in Nigeria. FoodCourt’s CEO, Henry Nneji, explained that the suspension was not driven by one event. Instead, it was the result of operational, organisational and working-capital pressures. But this wasn’t always the case.
In 2024, FoodCourt was in a great place. It reportedly had over $4 million in annual recurring revenue, was profitable and planning expansions into Abuja and outside Africa; it also launched additional food brands to serve different customer segments. On paper, this looked like a company that had figured out how to survive in one of Nigeria’s toughest industries.
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Last updated: July 6, 2026
