10 startups were selected for the final which held on Wednesday, June 12, 2019, in Lagos, Nigeria.
Truckrtech, an online marketplace for listing and booking third-party trucks, has won N1 million equity-free funding at the Pitch2Win 2019 edition.
Ghanaian startup Truckrtech wins N1 million grand prize at TechCircle’s Pitch2Win competition, 2019
Founded in 2018 by Caryl Joshua Akonor, Truckrtech gives real-time visibility, cargo-in-transit insurance and proper communication channels to shippers and drivers.
The all for application made early in May 2019 got over 200 entries across Africa. This was followed by a rigorous screening session then selection of 10 finalists, all culminating in the grand finale where selected startups will have to battle for N1 million equity-free funding.
Judges say they were impressed with Truckrtech's potential to scale and multiply their trucks and services beyond Ghana.
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"We did our pilot between January and April, and started full operations in May 2019. Between May and June, we've done $12,000 in revenue. We can look to 15% month on month revenue increase with this funding from Pitch2Win," Caryl Joshua Akonor, Founder, Truckrtech, said.
The panel of judges in the final included Dr Ola Brown (FlyingDoctors & Greentree Capital Investments), Dr Femi Kuti (Reliance HMO), Yuzuru Honda (Freakout Holdings), Babara Iyayi, (Lateral Capital/Element Inc) and Hiro Mashita (M&S partners).
The runners-up were Asusu, a SaaS startup digitising the financial activities of low income and daily earners, and Prodigy, a school management software based in Nigeria.
