Zacheaus Somorin in Toronto with agency report
Apple has bought Chinedu Echeruo’s HopStop.com,
The Wall Street Journal’s publication, AllThingsDigital
reports. Founded in 2005, HopStop.com makes mobile
applications for both iOS and Android that covers over
300 cities and that helps people get directions or find
nearby subway stations and bus stops. Terms of the
deal have not been disclosed as at the time of this
report.
Chinedu Echeruo, formerly an analyst at investment
banks and hedge funds, founded HopStop in 2005.
Echeruo is now Chairman of the Board for HopStop.
HopStop has been compared to Israel’s Waze which
was recently acquired by Google for $1 billion. The
move is seen as Apple’s plan to bolster its map
offering especially given Google’s recent acquisition of
Waze.
A serial entrepreneur, Chinedu Echeruo grew up in
Eastern Nigeria and attended Kings College, Lagos. He attended Syracuse University and the Harvard
Business School in the United States and founded
HopStop.com after working for several years in the
Mergers & Acquisitions and Leveraged Finance groups
of J.P Morgan Chase where he was involved in a
broad range of M&A, Financing and Private Equity
transactions.
He also worked at AM Investment Partners, a $500
million volatility-driven convertible bond arbitrage
hedge fund. He founded and raised nearly $8 million
for his two U.S based internet companies:
Hopstop.com andTripology.com. Tripology.com was
acquired in 2010 by American travel and navigation
information company, Rand McNally.
True to form, Echeruo is working on yet another
venture but this time, focused on small businesses in
Africa. According to him, “there is no reason why
every entrepreneur should have to reinvent the wheel
every single time in all the countries in Africa. My idea
is to essentially have one place where a budding
entrepreneur can access a template for starting a
business, and then customize it to suit their own
situation; essentially, a business-in-a-box.”








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http://www.thisdaylive.com/articles/apple-buys-chinedu-echeruo-s-hopstop-com-for-1-billion/209670/

Kudos...,

Now that's a true Nigerian




No motherfvcker should mention his tribe here,enough of it



Bloody tribalistic fellows

1 billion kini Chai chai chai Money must be made!!!

NeduLuiZ:
Now that's a true Nigerian



No motherfvcker should mention his tribe here,enough of it


Bloody tribalistic fellows

Okay. please ignore his tribe.

georjay:
1 billion kini Chai chai chai Money must be made!!!

Ideas bring money.

eagleeye2:

Okay. please ignore his tribe.

done from on set

NeduLuiZ:
done from on set

hmmmm

So the guy don automatically jump into FORBES Bilionaire list.

puskin:
So the guy don automatically jump into FORBES Bilionaire list.

#Godwin

Ipuuuuuu ego ooooo

Manning

Vaginal of money

Please why are the MODs ignoring this story?
is it not inspiring enough?
Is it because it's not about trekking from Aba to Kafanchan?
Is it because it's not about one 'yeyebrity' showing us her falling bweast?
A Nigerian and more especially a YOUTH has just joined the Billionaires Club, through his ideas and dint of hardwork and his imaginations. Yet we don't see it news worthy?

While some folks are busy fighting over Palm trees!

Dalu nwafo Igbo anyi. Chukwu a gozigo gi o. Ya cheta kwa m.