NiYA-Cascador grant · Foodtech
Backel Food Services receives ₦5m NiYA-Cascador growth grant
The Nigerian food and beverage business is one of eight Pitch Day winners awarded non-dilutive funding.
Backel Food Services has been awarded ₦5 million in non-dilutive growth funding through the NiYA-Cascador Founders Programme. Led by Favour Ngozi Nnadi, the Nigerian company produces food and beverage products with a focus on healthier alternatives.
Cascador selected eight Pitch Day winners following four weeks of business training, mentorship and regulatory guidance. The funding supports their growth without requiring founders to sell equity.
The programme also gives participants access to SMECore enterprise resource planning software and NiYA alumni opportunities, pairing growth capital with practical business support.
Use of funds
Business growth
Funding history
NiYA-Cascador grant · This roundNGN 5M