SwiftRider — Last-Mile Dispatch & Errand Delivery in Nigeria

Business Plan

Financial Snapshot

Executive Summary

SwiftRider is a motorcycle-powered last-mile dispatch and errand delivery service operating in Nigeria, initially launched in Lagos. We serve online vendors, restaurants, and individuals who need fast, reliable, same-day delivery within city limits. Orders are placed via WhatsApp and a lightweight booking interface, dispatched to riders in real time.

Nigeria's e-commerce and food delivery sectors are growing rapidly, yet last-mile logistics remains fragmented, expensive, and unreliable. SwiftRider fills that gap with a lean, tech-light model that scales from a single motorcycle to a fleet, keeping overhead low while building merchant loyalty through consistency.

Core economics: Deliveries are priced at ₦1,500–₦4,000 per trip intra-city, depending on distance and package type. At 12 trips/day per rider with a ₦2,000 average fare, a single rider generates ~₦720,000 monthly gross revenue. After fuel, maintenance, and rider commission (~55% of revenue), SwiftRider retains ~₦324,000 net contribution per rider per month.

Year 1 target: 5 active riders, ~₦19.4M gross revenue, ~₦8.7M contribution margin. By Year 3, scaling to 30 riders and vendor partnerships, we project ₦140M+ revenue and a path to profitability.

We are seeking ₦12,000,000 in seed funding to acquire 5 motorcycles, build out our dispatch system, and sign anchor vendor contracts. The funding runway covers 12 months of operations to reach unit-level breakeven.

SwiftRider is founded on the principle that last-mile delivery in Nigerian cities does not need a Silicon Valley budget — it needs operational excellence, rider accountability, and merchant trust, three things we are purpose-built to deliver.

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Company Description

Legal name: SwiftRider Logistics Limited (registration in progress, Corporate Affairs Commission, Nigeria)

Headquarters: Lagos, Nigeria — initially serving the Lagos Mainland and Island corridors, with expansion into Abuja and Port Harcourt by Year 2.

SwiftRider was conceived to solve a very Nigerian problem: the glaring disconnect between the explosion of online commerce and the chronic failure of last-mile delivery. Vendors on Instagram, Jumia, and WhatsApp storefronts lose customers daily because they cannot guarantee next-hour or same-day delivery affordably.

Business structure: SwiftRider operates as a dispatch company. Riders are onboarded as independent contractors initially, with a clear pathway to employed status as the fleet scales. The company owns and finances the motorcycles, retaining asset control while enabling riders to earn without upfront capital.

Revenue model: Per-trip delivery fees paid by vendors, restaurants, and individuals. Anchor contracts with merchants provide a base of committed volume; on-demand orders from individuals fill capacity gaps.

Mission: To make same-day delivery the default expectation for every Nigerian online shopper.

Vision: To become the most trusted intra-city dispatch network across Nigeria's top 10 commercial cities within five years.

Values: • Speed with accountability • Rider welfare as a growth lever • Transparent pricing, no hidden fees • Technology that works on a 3G connection

SwiftRider is deliberately starting small and operationally tight. One city, one dispatch hub, five bikes — before expanding. This discipline separates us from predecessors who raised large rounds, over-hired, and collapsed under unsustainable burn.

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Problem & Customer

The problem is real and measurable. Nigeria's e-commerce market was valued at ~$12B in 2024 and is growing at ~13% annually. Yet last-mile delivery is the single largest point of failure for small and medium online vendors. Key pain points: • Unreliability: Freelance dispatch riders ("okada guys") operate informally, with no tracking, no accountability, and frequent package losses. • Cost opacity: Prices are negotiated per trip with no standardisation, leading to vendor margin erosion.