#46: MAX (Metro Africa Xpress) - How the mobility tech platform is providing transportation & delivery services across Africa
Afrobility: Africa Tech and BusinessFebruary 06, 2022
46
02:22:43228.68 MB

#46: MAX (Metro Africa Xpress) - How the mobility tech platform is providing transportation & delivery services across Africa

Overview: Today, we’re going to talk about MAX - the Nigerian mobility tech platform. We’ll explore Max's story across 6 areas:

  1. Context on motorbike transportation platforms in other emerging markets
  2. Background on Nigeria transportation
  3. Max.'s launch, early history, growth over time & fundraising
  4. Product & monetization strategy
  5. Competitive positioning & potential exit options
  6. Overall outlook

This episode was recorded on Jan 30, 2022


Companies discussed: MAX (Max.africa, Max.ng), GiG Logistics, Red Star Express, Gokada, GoJek, Breakthrough Energy Ventures, Jumia Food, Konga, Uber, Africa Courier Express (ACE), Pathao, Flutterwave & Safeboda


Business concepts discussed: Ridesharing, Mobility in emerging markets, Debt Fundraising by startups,


Conversation highlights:

  • (01:20) - MAX.Africa context
  • (07:20) - Ridesharing in emerging markets (GoJek)
  • (10:30) - Transportation Mobility in Nigeria
  • (15:00) - Background on the founders - Tayo Bamiduro and Chinedu Azodoh
  • (18:50) - Founding and early history of MAX
  • (22:05) - Fundraising and early growth
  • (38:20) - Metrics and traction
  • (59:39) - Product & monetization strategy
  • (1:16:51) - Competition and options for exit
  • (1:31:30) - Bankole’s overall thoughts and outlook
  • (1:45:25) - Olumide’s overall thoughts and outlook
  • (1:53:55) - Recommendations and small wins


Olumide’s recommendations & small wins:


Bankole’s recommendations & small wins:


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