Nigerian startup Farm365, a vegetable and fruit box delivery marketplace that sources quality farm produce directly from rural farmers and sells to businesses in urban areas, is looking for pre-seed funding as it bids to eradicate food wastage.
Founded in 2020, Farm365 works closely with rural farmers to rescue seasonal vegetables from waste, connecting sellers with customers via its digital platform.
Business or private customers are able to select what produce they want and have it delivered to their door using the platform, with Farm365 already working with six B2B and 11 B2C customers.
A third of the food grown in the world is wasted.Farm365 believes this has to stop as all food grown must be eaten. More than 40% of what is harvested in the rural communities is wasted in the field as a result of inaccessible markets and ineffective logistics services.
The startup focuses on addressing this problem and having seen some uptake, Farm365 is now seeking funding to scale more quickly. Bootstrapped since its inception, it is now starting a pre-seed raise to enable it achieve product market fit and continue to build what customers want.
Looking at the processes involved across the value chain a lot of tasks are done before food is set on the table scouting for rural farmers travelling to various farm clusters across the country.Farm365 works on the food-to-fork process making sure that they streamline other operations through quality, effective logistics, cleaning, sorting ,weighing and packaging. The startup has partners that help in easing the process starting from the farms, logistics and warehousing.
Farm365, which makes money by direct selling farm produce to hotels, restaurants and grocery shops, is reporting 10X growth in revenues in the last two months, and says work is in progress to acquire more customers.
