Showing 1 results for:

Food Supply

by Topic

All results

Nigerian Marketplace Vendease Raises $3.2 Million To Aid Africa's Food Supply Problem

A stark reality found in Africa is the fluctuating inflation rate on food items. According to reports, eggs, rice, and beans saw a growth of up to 65% from one year ending in July 2021. Tech start-up, Vendease , is working to provide a solution that will prepare farmers and businesses to remain ahead of the unpredictable economic shifts in the food industry. The ambitious start-up recently raised $3.2 million in a seed round, TechCrunch reports. The round was led by venture capital firm Global Founders Capital and backed by Y Combinator, Hustle Fund, Liquid 2 Ventures, Hack VC and Soma Capital. Interested prospects and local investors Paga CEO Tayo Oviosu, Remita CEO John Obaro, and Magic Fund also tapped in.   View this post on Instagram   A post shared by Vendease (YC W21) (@vendeaseafrica) The online marketplace was founded in January of 2020 by Tunde Kara, Wale Oyepeju, Gatumi Aliyu, and Olumide Fayankin to spearhead the purchase of supplies from manufactures and farms to...

Oct 25, 2021