‘We could be a thousand times larger’
In 2024, private equity firm Verod Capital invested in i-Fitness, a Nigerian gym chain founded in 2015 by the entrepreneur Foluso Ogunwale. Verod co-founder Danladi Verheijen describes the business as one of his favourite investments. Despite operating only around 30 outlets, i-Fitness is already seven times the size of its nearest competitor in West Africa…