Choose language

FoodNow Supply Chain Limited Social media for food - order, send, share and gift food to everyone

Cover image of FoodNow Supply Chain Limited, Agribusiness venture on VC4A

In Africa and especially Nigeria – Food insecurity is a big issue, about a third of the population are hungry with another 60% spending over 90% of their earnings on food – there is also so much food waste which could potentially feed the hungry population! We understand all this dynamics and created a system to curb the differences and reduce waste through our food vending system where people can buy and sell food; but also donate food to charitable causes.

Our model is a B2C model fused with charity to enable restaurants send food to children, mothers and the poor and encourage individuals sponsor the delivery.

We charge a 8% commission on every food sale and 1% commission of food delivery to charity. We also support farmers by buying directly from them and selling to end user – giving the farmers opportunity to earn additional margins of more than 15%, compared to when they sell to aggregators.

We estimate a monthly CAGR of 15% for the first 28 months and potential to re

SectorsAgribusiness, Food and beverage, Retail and wholesale
LocationLagos, Nigeria
StageSign in to view details
MarketsSign in to view details
Customer modelSign in to view details
RevenueSign in to view details
ContactSign in to view details
Social media