OkadaBooks
Ikoyi, Lagos, Nigeria
Valuation
$2M
2021 Revenue
$676.2K
Customers
421.5K
Funding
$0
Avg ACV
$2
Team
20
Founded
2013
How OkadaBooks CEO Okechukwu Ofili grew 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.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Okechukwu Ofili
CEO
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
OkadaBooks serves 421.5K customers.
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) |
Frequently 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.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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