Agri-tech startup, Pricepally debuts in Nigeria

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -

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 - Brand Spur

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 -

“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.”

Read Also:  Okomu Set to Commission Two New Oil Palm Estate Estate

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 Also:  FairMoney raised $11million for expansion in Nigeria

“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 -

“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.

- Advertisement -
Agri-tech startup, Pricepally debuts in Nigeria - Brand SpurAgri-tech startup, Pricepally debuts in Nigeria - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Agri-tech startup, Pricepally debuts in Nigeria - Brand SpurAgri-tech startup, Pricepally debuts in Nigeria - Brand Spur

Latest News

Japaul Gold Leads Market Gainers with 8.70% Gain

Investor sentiment was less negative today as the market breadth advanced from 0.75x to 0.83x. 15 stocks gained at...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Agri-tech startup, Pricepally debuts in Nigeria - Brand SpurAgri-tech startup, Pricepally debuts in Nigeria - Brand Spur