Best Retail Companies in Nigeria
The 208 best Retail companies in Nigeria in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Maser.
Nigeria's Retail sector has more capital behind it than most people realize. This directory tracks 208 companies with $1.1B in total disclosed funding, one unicorn, and a funding spread that tells you exactly where the bets are landing.
Maser leads the pack at $500M, a figure that dwarfs the rest of the field. TradeDepot sits at $123M, Sabi at $66M, and the gap between those three and everyone else is wide. Stitches Africa, OmniRetail, and Vendease round out the top tier, backed by names like Y Combinator, Techstars, and Aruwa Capital Management. The global retail market, projected to climb from $795.6B in 2024 to $1283.6B by 2034 at a 4.0% CAGR, gives you the macro tailwind. Nigeria's slice of that is still being fought over. App installs across retail categories are up roughly 20% YoY across 806 tracked apps, and I'd call that the clearest signal that consumer-facing distribution is the live battleground right now. Physical expansion is accelerating elsewhere too, with DMart's latest lease move showing how serious operators are about footprint. So, who captures Nigeria's next funding cycle? The rankings below are your starting point.
- America’s top 100 retailers in 2023: Walmart reigns supreme
- Shein's “Supply Chain as a Service”: Reshaping Retail Logistics
Ranked: Best Retail companies in Nigeria
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Maser 🦄 Provider of consumer electronic products | $500M | 48 mo ago | Series D | — | Prateek Suri Founder & CEO | WordPressMySQLPHP+21 | — |
| 2 | TradeDepot Provider of software solutions for B2B manufacturers and retailers for redistribution of stocks | $123M | 40 mo ago | Series B | 396 | Michael Ukpong Chief Technology Officer and Co-Founder | Mapbox GL JSGoogle MapsAnimate.css+23 | — |
| 3 | Konga Retail chain of toys, mobile & accessories, and electronics | $78M | 112 mo ago | Acquired | — | Prince Ekeh Co-CEO | Cart FunctionalityAlgoliaNode.js+40 | — |
| 4 | Konga.com Retail chain of toys, mobile & accessories, and electronics | $78M | 112 mo ago | Unfunded | 800 | Prince Ekeh Co-CEO | Cart FunctionalityAlgoliaNode.js+40 | — |
| 5 | Sabi Provider of informal distribution logistics solutions for businesses | $66M | 37 mo ago | Series B | 240 | Anu Adasolum Co-Founder & CEO | Node.jsZohoReact+12 | 1 award |
| 6 | Stitches Africa Online retailer of handcrafted apparel and accessories by African designers | $50M | 7 mo ago | Series C | — | Franklin Peters Co-Founder | Cart FunctionalityTurbopackFirebase+17 | 1 job opening · 1 internship |
| 7 | Jiji Online classified marketplace platform for exchanging goods and services | $50M | 78 mo ago | Series C | — | Anton Volianskyi Founder & CEO | WixSentryBootstrap+10 | — |
| 8 | Vendease Online B2B marketplace offering food products | $23M | 44 mo ago | Series A | 212 | Tunde Kara Co-Founder/ CEO | TypeScriptZohoTailwind CSS+12 | — |
| 9 | OmniRetail Supply-chain digitization solutions for retailers and brands | $20M | 13 mo ago | Series A | — | Deepankar Rustagi Founder & CEO | Node.jsThree.jsUbuntu+19 | 1 award |
| 10 | Alerzo Provider of software solutions enabling informal distribution for retail businesses | $20M | 58 mo ago | Series A | 800 | Adewale Opaleye Founder & CEO | SentryNode.jsMUI+10 | — |
| 11 | Foodstock Farmers Market Online marketplace for connecting farmers with customers | $9M | 113 mo ago | Deadpooled | — | Omotayo Omolere Founder & CEO | — | — |
| 12 | Omnibiz Provider of software solutions for grocery retailers | $8M | 36 mo ago | Seed | 125 | — | SentryAzure Front DoorAzure+13 | — |
| 13 | Traction Apps Provider of e-commerce solutions for businesses | $6M | 34 mo ago | Acquired | 193 | Dolapo Adejuyigbe Co-Founder | WordPressMySQLPHP+25 | — |
| 14 | DealDey Deals Platform | $6M | 136 mo ago | Acquired | 138 | Kehinde Oriola CEO | — | — |
| 15 | Duplo Provider of B2B payments solutions | $6M | 45 mo ago | Seed | 31 | Tunde Akinnuwa Co-Founder | WordPressMySQLPHP+32 | 1 internship |
| 16 | Bumpa Provider of suite solution for businesses | $4M | 44 mo ago | Seed | 31 | — | SentryApple iCloud MailGoogle Workspace+25 | 3 job openings |
| 17 | MAKA Online marketplace offering casual wear for men and women | $3M | 30 mo ago | Seed | — | Diana Kyereko Co-Founder & CEO | — | — |
| 18 | Taeillo Internet first brand of home furniture | $3M | 42 mo ago | Series A | 97 | Jumoke Dada Founder | Cart FunctionalityShopifyBootstrap+16 | — |
| 19 | Sendbox Web-based application for on-demand delivery management services | $2M | 56 mo ago | Seed | 64 | Olusegun Afolahan Co-Founder | SentryTypeScriptGraphQL+17 | — |
| 20 | RooomXIX Wholesaler of clothes and fashion accessories | $2M | 58 mo ago | Deadpooled | 29 | Gebenga Adeyefa CEO | — | — |
| 21 | Renda Provider of shipping and fulfillment solutions for e-commerce businesses | $1M | 25 mo ago | Seed | 57 | Ope Onaboye Founder & CEO | Node.jsRadix UIMUI+12 | — |
| 22 | OurPass Provider of one-click checkout solution for digital commerce | $1M | 57 mo ago | Seed | 43 | Gbeminiyi Adewale Co-Founder | — | — |
| 23 | Shopex TV E-distributor offering multi-category products | $885K | 48 mo ago | Seed | 77 | Isi Abebe Founder | Cart FunctionalityWooCommerceWordPress+40 | — |
| 24 | Medsaf Online B2B marketplace for medicines | $330K | 97 mo ago | Seed | 20 | Vivian Nwakah Co-Founder | — | — |
| 25 | Rabawa Online social marketplace platform for multi-category products | $163K | 61 mo ago | Deadpooled | 4 | — | — | — |
| 26 | SureBids Online retail voucher aggregator | $125K | 118 mo ago | Deadpooled | 24 | — | — | — |
| 27 | Zowasel Online deal aggregator platform | $100K | 58 mo ago | Seed | 26 | — | Animate.cssBootstrapApache HTTP Server+6 | 1 partnership |
| 28 | Joovlin Provider of payments solution for online merchants | $100K | 68 mo ago | Seed | 6 | — | — | — |
| 29 | MOBicure Smartphone app for child health monitoring | $100K | 104 mo ago | Funding Raised | 27 | — | — | — |
| 30 | GYST Local Business Directory Search Engine | $100K | 195 mo ago | Deadpooled | — | Sim Shagaya CEO | — | — |
Top 12 Retail companies in Nigeria
#1
Series C · Lagos, Lagos · founded 2024$50Mraised▾
Online retailer of handcrafted apparel and accessories by African designers. It offers curated, exclusive pieces. The company connects designers with customers seeking unique, culturally inspired fashion.
- Nov 2025Series C$50M
#2
Series A · Lagos, Lagos · founded 2019$20Mraised▾
Supply-chain digitization solutions for retailers and brands. The platform digitizes the supply chain from distributors to retailers. It provides finance, warehousing, distribution, and sales automation solutions.
- Apr 2025Series A$20M
- Apr 2024Series A—
#3
Maser 🦄Series D · Port Harcourt, Rivers State · founded 2014$500Mraised▾
Provider of consumer electronic products. It products portfolio encompasses a wide range of categories, including home appliances, smartwatches, and sound systems. Its dedication to offering outstanding client experiences.
- 2022Series D$500M
#4
Series B · Lagos, Lagos · founded 2015 · 396 employees$123Mraised▾
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.
- Feb 2023Conventional Debt$5M
- Dec 2021Conventional Debt—
- Nov 2021Series B$110M
- Jul 2020Series A$10M
#5
Series B · Lagos, Lagos · founded 2020 · 240 employees$66Mraised▾
Provider of informal distribution logistics solutions for businesses. It enables the informal trade sector by bringing merchants, distributors, and resellers into its network. It also provides customer acquisition, cash flow management, logistics management, inventory management, sales order management, and more.
- May 2023Series B$38M
- Apr 2022Series B—
- Nov 2021Series A$6M
- 2020Seed$2M
#6
Series A · Lagos, Lagos · founded 2017 · 212 employees$23.3Mraised▾
Online B2B marketplace offering food products. It offers bread, meat and seafood, fruits, vegetables, water beverages, and grains. The platform claims to manage businesses by financing the procurement and purchase of goods for businesses.
- Sep 2022Conventional Debt$10M
- Sep 2022Series A$20M
- Oct 2021Seed$3.2M
- 2021Seed$125K
#7
Seed · Lagos, Lagos · founded 2010 · 125 employees$8Mraised▾
Provider of software solutions for grocery retailers. The solutions provided are sourcing and distribution management, inventory management, financing solutions for stock keeping, and supply chain management. The company claims it also provides logistics services and reports and insights.
- Jun 2023Seed—
- Aug 2022Seed$5M
- Aug 2022Conventional Debt$10M
- Aug 2021Seed$3M
#8
Seed · Lagos, Lagos · founded 2020 · 57 employees$1.3Mraised▾
Provider of shipping and fulfillment solutions for e-commerce businesses. It is a tech platform with physical infrastructure for fulfillment and warehousing. The features include a storage facility, inventory management, real-time stock management, order processing for retail distribution, and last-mile delivery services. Businesses can also track delivery packages in real time.
- May 2024Seed$1.3M
- May 2024Conventional Debt$600K
- Dec 2022Seed$20K
#9
Acquired · Lagos, Lagos · founded 2018 · 193 employees$6Mraised▾
Provider of e-commerce solutions for businesses. Its solution offerings include payments management, inventory management, customer management, online storefront design, development, analytics, reporting, back-office business operations, invoicing, and more. Its mobile application is available on Android and iOS platforms. The company also offers retail solutions for offline businesses.
- Aug 2023Seed$6M
#10
Seed · Lagos, Lagos · founded 2021$2.6Mraised▾
Online marketplace offering casual wear for men and women. The product catalog includes t-shirts, shirts, skirts, jeans, sweatshirts, jackets, and more.
- Dec 2023Seed$2.6M
#11
Acquired · Lagos, Lagos · founded 2012$78.5Mraised▾
Operates retail store of consumer goods
- Feb 2017Series C—
- Oct 2014Series C$40M
- Jan 2014Series B$25M
- 2013Series A$10M
#12
Series A · Ibadan, Oyo · founded 2018 · 800 employees$20Mraised▾
Provider of software solutions enabling informal distribution for retail businesses. It offers on-demand inventory distribution and financial services for small informal stores. It also provides real-time market trends, customer feedback, and consumer purchasing data, enabling retailers to discover, purchase and manage inventories for the stores.
- Aug 2021Series A$10.5M
- 2020Seed$5.5M
- Conventional Debt$2.5M
Funding & investor landscape
Notable founders
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.