It seems like the rest of us are just lazying about on this continent, while these young entrepreneurs (afro hustlers) keep grabbing money from all ends. If you’re playing safe all in the name of it’s not all about money, trust me your dream might die unheard of. Not like it’s all about money, though. Ok! What were we saying…Spark and Hotels.ng have invested a cool $45,000 seed in ogaVenue .
OgaVenue is an online platform on which you can book events centres in Nigeria. Launched in 2014, over 2000 venues which are spread across 17 states in Nigeria, are listed on the site. Awe-some. All the venues have detailed information on their location, capacity, cost, images as well as availability.
Here’s what Andrew Airelobhegbe ogaVenue’s CEO had to say “We are incredibly excited to join the Spark family as it houses some of the most successful startups in Nigeria and arguably has helped to grow the most successful founders in Nigeria. We’re also thrilled to have attracted the attention of, and investment from Hotels.ng, a pioneering travel business we have long since admired and followed. With them on board, we are certain that together, we will radically change the face of events and hospitality in Nigeria and Africa.”
Spark co-founder, Jason Njoku already published a post talking about Spark’s new agenda where he announced this new investment. He didn’t mention any names but he did say he was optimistic about it and his fellow co-founder, Bastian Gotter agrees.
“The ogaVenue venue team combined their strong technical backgrounds with a high sense of commerciality and quickly established industry leadership in the venue booking space. We believe this investment is complementary to our earlier investments in Hotels.ng and are very happy to partner with them in supporting ogaVenue with capital and advice. We hope ogaVenue will continue to expand its industry leadership and win big” said Bastian.
Hotels.ng founder and CEO Mark Essien added that “For us, the ogaVenue deal was a no-brainer. Andrew is probably the smartest young entrepreneur in the Eco-system, and he has built a business that’s showing amazing numbers and traction. Seeing how closely his business is related to ours, it was obvious that getting involved in this deal would be to both of our advantages . There are clear synergies that can be leveraged on to accelerate growth in both the hotel and the event segments”.
With this $45,000 investment, ogaVenue wants to increase their inventory and expand to more states across Nigeria. They, however, want to build their product, engineering and business development teams.