How OkadaBooks hit $676.2K Revenue with 422K customers in 2022.
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.
In 2022, OkadaBooks revenue run rate hit $676.2K in revenue.
OkadaBooks hit $676.2K in revenue in 2021
OkadaBooks launched in 2013 with $0 revenue
OkadaBooks Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
OkadaBooks has 20 total employees and 8 sales reps that carry a quota. They have 421513 customers an engineering team of 7 and a marketing team of 5
Total team size
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.