Lagos, Nigeria — Endeavor concluded the 38th Virtual International Selection Panel (ISP) held 19-21 June 2023, with the selection of 13 new high-impact entrepreneurs representing six companies from 6 markets, including Nigeria’s OmniRetail founder, Deepankar Rustagi.
OmniRetail is a unified consumer goods distribution platform that improves the inefficiencies of traditional trade by digitizing the key stakeholders. OmniRetail ensures retailers get better ROI and manufacturers grow volume and reach through a wider distribution network. OmniRetail improves the distribution process from the manufacturer’s factory to the retailer’s shelf by creating a technology-driven FMCG platform. By partnering with other supply chain players for delivery and distribution, OmniRetail is able to scale faster with higher margins than the industry standard.
Commenting on their selection into the global network, Deepankar Rustagi, founder and CEO at OmniRetail (Omnibiz, MPlify and OmniPay), said, “I am very excited about joining the Endeavor network. Our selection speaks to our unwavering commitment to digitizing Africa’s essential goods distribution. This is an excellent avenue to connect with other talented founders and mentors across the world. We are positive about the impact this association will drive as we continue to build the future of B2B retail commerce in Africa.“
Before OmniRetail, Deepankar founded VConnect in 2010, one of the earliest companies in the Nigerian tech startup ecosystem.
The ISP is the final phase of a multi-step rigorous selection process, where candidates pitch their companies to top international business leaders and investors from the Endeavor network, making those obtaining a unanimous vote officially Endeavor Entrepreneurs. Once selected into the network by a team of global panelists, entrepreneurs gain access to a wide array of services enabling them to scale their businesses faster and multiply their impact.
Eloho Omame, Partner at TLcom Capital and Endeavor Mentor, added, “We are pleased to extend a warm welcome and congratulations to Deepankar Rustagi, founder and CEO of OmniRetail, as he joins Endeavor’s growing network in Nigeria. Deepankar’s bold vision and expertise in the dynamic B2B e-commerce category have positioned him as an entrepreneurial leader in Africa. We look forward to his contributions to Endevaor’s thriving, global community of high-impact entrepreneurs and to supporting his company’s journey to scale.”
“We are very excited about OmniRetail, and we believe this is the perfect time for Deepankar to join our global network. Deepankar is a serial entrepreneur with diverse expertise that is critical to the success of OmniRetail. He is a compelling and thoughtful entrepreneur who is serving as a role model for the next generation of entrepreneurs in Africa. We are all proud to be on this journey with Deepankar, supporting the growth and mission of OmniRetail to deliver the transformation that Africa’s informal retail sector needs”, added Endeavor Nigeria’s Managing Director and CEO, Ireayomide Oladunjoye.
As part of Endeavor’s network, the newly selected entrepreneur will gain access to comprehensive, strategic, global support services, including introductions to local and international business mentors, investors, and volunteers from Fortune 500 consulting firms who will help them address key needs.
Endeavor Entrepreneurs have had a significant track record of impact. Endeavor Entrepreneurs have created over 4.1 million jobs, generated combined revenues of over $42+B, and helped build sustainable growth models in their home countries.
OmniRetail is the 20th company selected into the global Endeavor network through the regional affiliated office in Nigeria. Deepankar represents the growing expectation for exceptional entrepreneurs with big ambitions and the ability to execute at scale. He joins Ngozi Dozie & Chijioke Dozie (Carbon), Etop Ikpe (Autochek), Gbenga Agboola & Ife Orioke (Flutterwave), Tayo Oviosu & Jay Alabraba (Paga), Ekechi Nwokah (Migo), Jasper Graf von Hardenberg & Christian Wessels (Daystar Power), Obi Ozor (Kobo), Kene Okwuosa & Moses Babatope(FilmHouse Group), Onyekachi Izukanne, Michael Ukpong & Ruke Awaritefe (TradeDepot), Tosin Eniolorunda & Felix Ike (Moniepoint), Adegoke Olubusi and Dimeji Sofowora (Helium Health), Adetayo Bamiduro & Chinedu Azodoh (Metro Africa Xpress), Michael Moreland, Justin Lorenzon, & Peter Bunor (Field Intelligence), Somto Ifezue, Odunayo Eweniyi, and Joshua Chibueze (PiggyVest), and Obi Emetarom, Emeka Emetarom and Wale Onawunmi (Zone).
Endeavor is the world’s leading community of high-impact entrepreneurs. Founded in 1997, Endeavor is a global organization with a mission to unlock the transformational power of entrepreneurship by selecting, supporting, and investing in the world’s top founders.
Today, Endeavor’s network spans 42 markets and supports 2,438 entrepreneurs leading 1,506 companies that generate combined revenues of over $42+ billion US and have created more than 4.1 million jobs. Endeavor’s unique entrepreneur-first model and network of trust provide a platform for founders to dream bigger, scale faster, and pay it forward to the next generation of entrepreneurs.
Endeavor launched its Nigeria office in 2018 to select and support the best founders of companies at the scale-up and growth stage who recognise a responsibility to pay it forward and multiply their impact in Nigeria’s entrepreneurship ecosystem.
In Nigeria, there are 32 Endeavor Entrepreneurs leading 16 companies in their portfolio.
Joy Mabia – Manager, Marketing and Communications, Endeavor Nigeria