Nigerian based startup has launched anAgritechplatform, Agrilet on the Friday the 1stof March 2019. Agrilet is a platform that gives farmers access to a larger market and machineries which will yield improved farm inputs. It also give micro funders an impressive return-on-investment which will help their dreams come alive through an increased source of income.
Agrilet is depending on the fact that Nigeria is an untapped potential agricultural powerhouse that houses a population of 180 million that is being estimated to grow to 470 million by 2050.
Agrilet intends to be ahead of its competitors by providing a dedicated personal assistant for investors, farm assistants for farmers and also providing farmers with better market information and truck delivery service.
The platform was founded by brothers, Victor Yunusa (CEO) and David Yunusa (COO) on May 2018, and launched March 1, 2019. They target the $24.7 billion market in Africa, with Nigeria as its point of entry. Farmers across Nigeria struggle to- increase yield, produce, deliver to the market on time, and to secure a fair price for their produce. This is what Agrilet intends to solve through its platform. A place for micro funders to invest in farms and food-processing related projects.
More on TechGist Africa:
- IFC Offers 6 million USD Equity for Sub-Saharan Tech Startups
- Troidini to Invest $20k in Africa Startups
- FSD Opens Submission for US$130,000 Startup Grant in DRC
- Jack Ma Announces $10m Netpreneur Prize for Africa Startups
- Global EdTech Startups You Can Learn From
Get real time update about this post categories directly on your device, subscribe now.