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Wednesday 28 August 2013

Entrepreneur profile:Chinedu Echeruo

   Chinedu Echeruo  is a young Nigerian investor. A serial entrepreneur, Chinedu grew up in Eastern Nigeria. He had his secondary Education in kings college Lagos before he proceeded to Syracuse university and then Harvard Business school in the US of A. When Chinedu arrived Gods own country, he found out that New-York City with its High rising building, very huge population and  heterogeneous neighborhood could be difficult to get around  especially for strangers. This prompted him to create hopspot.com in 2005 exactly  ten years after moving around New - York where he worked. 
Hotstop is an online city transit guide offering door to door subway and bus direction and maps for over 140 cities around the world using its website or apps for iphone and Andriod.  
His creation has attracted lots of encomium and cash too. In 2007, he was named black Enterprise  magazine 2007 small Business innovator of the year. In July 2013 Apple confirmed a purchase of Hopstop.com application with a purported  $ 1.1billion. 
No longer the C.E.O of Hopstop, the investment banker, founder of Tripology, and  former J.P Morgan chase staff is now a partner and head of principal constant capital a west -Africa based investment bank and private equity firm.

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