Y Combinator-back FoodCourt Halts Operations Amid Cash Crunch
FoodCourt paused all operations in April 2026 after months of unpaid staff salaries, vendor debts and a failed funding round. CEO Henry Nneji says this is a temporary restructuring, not a shutdown, and that fresh capital and rebuilding trust are vital for survival. The app went offline on March 4 with a message that orders could not be processed. Staff and suppliers had struck over unpaid wages and bills, forcing leadership to block new orders to prevent further backlog. Launched in August 2021 with an initial ₦10 million family seed, Nneji built FoodCourt to own its kitchens, brands and delivery. By late 2024 it was generating $1 million in annual revenue per location and had raised $1.7 million under the guidance of a top accelerator. A delayed funding facility left three branches in Lagos and Abuja on thin margins amid high inflation, rising food and energy costs, and expensive logistics. FoodCourt is now working with investors on a restructuring plan. Its next chapter depends on new investment and restoring confidence.
Use The App To Win ₦1m
Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.