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Founder Profile

Transtura's Journey: Learning and Growing from Failure

Transtura's Journey: Learning and Growing from Failure

Founder

Founder Story Profile

Hey founders! Today, let's chat about Transtura, a ride-hailing startup that had its ups, downs, and lots of lessons for all of us. Vincent Adeoba , who went from PwC Nigeria to leading Transtura , dreamed of fixing transportation in Lagos. Exciting, right? But, reality hit hard.

GlobalBusinessGrowthBootstrapped

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IndustryBusiness
CountryGlobal
StageGrowth
FundingBootstrapped
Business Model

Background

Vincent Adeoba , who went from PwC Nigeria to leading Transtura , dreamed of fixing transportation in Lagos. Exciting, right? But, reality hit hard.

Transtura faced unexpected challenges with rules from NURTW, LASTMA, and the Lagos State Ministry. Dealing with them was tougher than expected. The real shocker? NURTW took a big chunk of the money ( over 20% of our daily revenue ), causing constant problems like bus impoundments and attacks on drivers.

Vincent rightly points out that for Nigeria to prosper, leaders need to support young people trying to make a difference.

Company Overview

Hey founders! Today, let's chat about Transtura, a ride-hailing startup that had its ups, downs, and lots of lessons for all of us. Vincent Adeoba , who went from PwC Nigeria to leading Transtura , dreamed of fixing transportation in Lagos. Exciting, right? But, reality hit hard.

Hey founders! Today, let's chat about Transtura, a ride-hailing startup that had its ups, downs, and lots of lessons for all of us.

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Profile Details

FounderTranstura's Journey: Learning and Growing from Failure
RoleFounder
CompanyFounder Story Profile
CountryGlobal
IndustryBusiness
StageGrowth
FundingBootstrapped
Model