Tuesday, 19 May 2015 14:09

Chinedu Echeruo sells Hopstop.com to Apple for $1 Billion

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According The Wall Street Journal’s publication, AllThingsDigital, Mr. Chinedu Echeruo has sold his internet company Hopspot.com for one billion dollars to Apple Inc.. Echeruo founded Hopstop.com in 2005. The company makes mobile application that helps people get directions or find nearby subway stations and bus stops. The app is available for both iOS and Android.

A serial entrepreneur, Echeruo grew up in the Eastern part of 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 and acquisitions and leveraged finance groups of J.P Morgan Chase. He founded and raised nearly $8 million for his two U.S based internet companies: Hopstop.com and Tripology.com.  Tripology.com was acquired in 2010 by American travel and navigation information company, Rand McNally.


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