Photo - ePoultry Inc.
59048

ePoultry Inc.

Nigeria
Market: Food industry, Farming, Financial services, Mobile applications
Stage of the project: Operating business

Date of last change: 19.11.2022
Go to the owner's profile
3
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
 

Idea

We eliminate inefficiencies in the poultry sector by providing farmers with data-driven input credits, advisory and profitable markets using a B2B marketplace

Current Status

We transitioned from a crowdfunding model to a more integrated digital marketplace for farmers & consumers. We have provided inputs worth $920,00 USD to over 1078 farmers, 72% of them are women. Our annual revenue rose from 139,000 USD in 2019 to 599,000 USD in 2021 (audited reports). We currently have 16 employees and recently hired an engineering team of developers, designers and a product manager supported by GIZ.

Problem or Opportunity

We are solving the inefficiencies in the poultry value chain in Nigeria that has caused 80% market gap valued at over 7 Billion USD, poor smallholder farmers, expensive and low quality poultry products

Solution (product or service)

A digital platform that connects input suppliers, farmers and consumers in the poultry value chain to promote a more efficient, inclusive, climate-resilient, and sustainable poultry system in Nigeria.

Input suppliers such as vet doctors , hatcheries, or feed suppliers can connect with farmers on our platform while we fund the inputs based on verified data. Farmers keep records of their farm operations on our platform which helps us generate data on their performance to determine which farmer gets input financing. Consumers buy poultry products on our platform as well.

Business model

We make 10% off all inputs financed on our platform for farmers and 20% off all poultry products sold via our platform.

Incubation/Acceleration programs accomplishment

GIZ Investment Readiness Programme, Germany.
Forbes Digital Startup Accelerator in Nigeria
Westerwelle Young Founders Programme, Germany.
Scale Up Agribusiness Accelerator – FATE Foundation, Nigeria
Agrilab Incubation Program by Ventures Platform, Nigeria
5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility420
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation