Valuation
$2M
2021 Revenue
$676.2K
Customers
421.5K
Funding
$0
Avg ACV
$2
Team
20
Founded
2013
How OkadaBooks CEO Okechukwu Ofili grew OkadaBooks to $676.2K revenue and 421.5K customers in 2021.
Developer of a book reading and publishing platform designed to help publish and distribute books across Nigeria and sub-Saharan Africa. The company's platform provides easy publishing and selling of 8,000+ books via online payment option, enabling Nigerian authors to simplify the process of creating, spreading and selling their books in a matter of minutes and users to read books without ever leaving their couch via smartphone.
Last updated
OkadaBooks Revenue
In 2021, OkadaBooks's revenue reached $676.2K. Since its launch in 2013, OkadaBooks has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2021 | OkadaBooks Hit $676.2k revenue in April 2021 | |
| 2013 | Launched with $0 revenue |
OkadaBooks Valuation, Funding Rounds
OkadaBooks's most recent disclosed valuation is $2M.
OkadaBooks is a bootstrapped User-Generated Content Software startup. Founded in 2013, OkadaBooks has grown to $676.2K in revenue without raising any venture capital or outside funding.
As a self-funded User-Generated Content Software SaaS company, OkadaBooks has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
OkadaBooks Employees & Team Size
OkadaBooks employs approximately 20 people as of 2026, including 8 sales reps that carry a quota. It serves 421.5K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2021 | Reached 20 employees (April 2021) |
Founder / CEO
Okechukwu Ofili
Okechukwu Ofili launched OkadaBooks in 2013 as a means of bridging the gap between writers, publishers and readers. Ofili grew up in Lagos, Nigeria and later moved to the United States, where he earned a Mechanical Engineering degree from the University of Houston. He graduated among the top 5 students in his class and returned to Nigeria where he got a job in a top oil and gas firm. In 2010, his writing took off, with his work mostly on BellaNaija and YNaija. He continued to explore his passion for public speaking and storytelling and now has authored two books — How Intelligence Kills and How Stupidity Saved My Life. After the launch of his platform, Ofili quit his job to focus solely on growing his platform which saw it to win MTN App of the year for the African Market in 2013. As at January 2018, the app had recorded over 180,000 registered users and a million ebook downloads. The app is now being used as a source of income by many writers, some who have earned over half a million Naira on the platform. Due to the success of his e-book platform, Ofili has gone on to be named as one of Venture Africa's 40 African Innovators to Watch and a place on the Quartz Africa 2016 Innovators list.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how OkadaBooks acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about OkadaBooks
What is OkadaBooks's revenue?
OkadaBooks generates $676.2K in revenue.
Who founded OkadaBooks?
OkadaBooks was founded by Okechukwu Ofili.
Who is the CEO of OkadaBooks?
The CEO of OkadaBooks is Okechukwu Ofili.
How much funding does OkadaBooks have?
OkadaBooks raised $0.
How many employees does OkadaBooks have?
OkadaBooks has 20 employees.
Where is OkadaBooks headquarters?
OkadaBooks is headquartered in Ikoyi, Lagos, Nigeria.
People Also Viewed
DoxyChain
Next-generation blockchain document management system (DMS)
Treatstock
The company primarily operates in the Software industry. Treatstock was founded in 2016 and is headquartered in Newark, DE.
Webproof
The company primarily operates in the Software industry. Webproof is headquartered in Miami, FL.
Echelon Insights
Provider of digital intelligence intended to offer research and analytics services. The company's intelligence provides complete situational awareness by creating and organizing the information needed to make the best decisions, enabling companies to make informed decision that helps improve their businesses.
OpsVantage Digital
X-CITE S.A.
We merged the IoT & AI SYSTEM ENABLER and DESIGN HOUSE view, creating a unique positioning to enable private and public clients ’cross industries to deploy IoT, AI & 5G solutions in a reliable way, “Out of the Box”. Regrouping multiple expertise – IoT, Cloud technologies, Mass data, AI, ML, Security, NG telco networks incl. 5G & xPON, automatization - our offer is unique! From idea generation, over fast prototypes, POCs’, followed by large implementations using X-BRAiN as a Connectivity, Mass-data and AI Accelerator incl. NEF-SCEF 5G integration. X-CITE is official Google Cloud partner. Our aim is to build a library of +200 AI & 5G use cases covering the most essential verticals, allowing our multi-disciplinary teams together with customers to rapidly formulate ideas or use-cases and implement them in X-BRAiN with low TTM. X-BRAiN uses ML and AI algorithms to address IoT and its associated problems, all available in a subscription model. Our Foundational Technology Platform is blockchain enabled. Learn more on www.x-brain.io Our offer includes a growing Edge hardware portfolio integr. with X-BRAiN and available in subscription model. It includes a world first advanced 5G Google Coral Module which can be mounted straight on devices including Drones; modular 4G LTE Cat. M1/Cat. NB2/EGPRS & GNSS high-speed Tracker and environmental Sensor, NB1/NB2 and M1 cellular LPWAN vehicle and health tracker. We are accelerating our move to a Digital Business Platform model and open-up X-BRAiN to developers that can make more of the data, assets, and services available – Become part of our “Firestarters” developer community. We design and build your future IoT, AI, 5G and circular economy strategy and products. X-CITE is headquartered in Luxembourg, with offices in Munich and Belgrade and strong links to UK.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .
Data Disclaimer
All figures on this page are GetLatka estimates from public sources and proprietary models. They are not verified by the company.
Not financial advice. Read full disclaimer.
Claim this profile