Yikodeen, the sole NCDMB-certified supplier to the oil and gas sector and a manufacturer of safety footwear, has obtained a multi-million-dollar investment from Aruwa Capital Management to greatly increase its production capacity.
The strategic alliance marks a significant advance in Yikodeen’s efforts to establish top-tier production capacities and expand its presence throughout the region.
According to Shamsideen Atunde, the Founder and CEO of Yikodeen, the infusion of capital will greatly speed up the company’s growth trajectory, which has already experienced remarkable 10x revenue growth and gross profit margins over 50%, all without incurring any debt.
Our collaboration with Aruwa Capital signifies more than merely a financial investment; he stated, “this reflects a high level of confidence in the company’s excellence in manufacturing.”
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