Innovations

Agri-tech startup, Pricepally debuts in Nigeria.

Nigerian startup, Pricepally has launched a group-buying platform that aggregates consumer food demand in urban cities and matches it with supplies directly from farmers and wholesalers.

Launched in November 2019, the start-up’s aim is to cut out middlemen and save consumers money by leveraging technology to aggregate demand via a sharing model.

Agri-tech startup, Pricepally debuts in Nigeria

According to a report by Disrupt Africa, users log in to the Pricepally website or apps to purchase foods outright or arrange Pricepally and purchases, with these items bought from wholesalers or farmers divided accordingly and then shipped to each customer or a group destination.- Advertisement –

Read:  FirstBank Partners UN1TY Nigeria, Promotes Growth of Nigerian music with Voice Voice Nigeria Season 3

“The idea came up late last year. After three months of data gathering of my family expenses by my wife, we discovered we spent over half of our income on food monthly,” said co-founder Luther Lawoyin.

“More research made us understand how much of a huge problem this was across Africa and other developing nations. We decided to solve this problem by buying in bulk with other families, which helped to reduce our monthly spend by as much as 25 per cent. After this advantage was proven, we decided to add the technology layer to improve it and be able to serve more people.”

The concept is now available to all Lagosians after a brief pilot, with Pricepally taking part in a couple of startups programmes – the MIT venture scaling Bootcamp in September and the Ayadalab programme run by the French and German governments – to get its model right.

Read:  Okra Nigerian fintech firm raises $3.5m in U.S. funding

“The growth rate per day is north of 60 per cent, and we are bombarded with enquiries and interest every day. We have been getting a lot of useful feedback in improving the product,” he said.- Advertisement –

Read:  Lagos empowers, trains 800 rice farmers

“We are looking to open in other cities in Nigeria within a year of operation, and to expand to other urban African cities in the coming year,” he concluded.

Related posts

US doctors bring better way of treating cancer to Nigeria

NigGal

UNN manufactures anti-COVID-19 digital machine

NigGal

Nigeria to assemble solar cars by 2020.

NigGal

Tech Youtuber Fisayo Fosudo explains E-SIM technology with MTN Nigeria

NigGal

5 Nigerian Youths Develop Online Diagnostic And Tracking Kits To Fight COVID-19

NigGal

5 Nigerian girls at 2019 Technovation World Pitch Summit need our votes!

NigGal

Leave a Comment