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Shamba Pridehas since 2016 worked to enhance last - mile statistical distribution for farm input and tackle price exploitation and quality issues for farmers through its merchant connection dubbeddigishops .
The agtech has , so far , built a web of 2,700 merchants ( agro - bargainer ) extending across 24 counties in Kenya , which represents just over half of the country . It now project to scale further into the commonwealth to cover more retailers and agricultural region in the next one year , and later search neighboring markets like Tanzania , Uganda and Zambia , which have similar farm input signal supply chain challenges , like sourcing , unpredictable prices , timbre challenges and stockouts .
Its Kenya growth , which also includes the expansion of its enfranchisement web , will be fueled by a $ 3.7 million debt - equity pre - series A support the companionship has secured from the EU agriculture funding initiative EDFI AgriFI and Seedstars Africa Ventures ( SAV ) . The new financial support , which includes $ 1.7 million equity , follow $ 1.1 million capital raised in 2021 from SAV and Gray Matters Capital .
Seedstars Africa Ventures gets $ 30 M financial backing from EIB Global to invest in former - microscope stage startups
Shamba Pride digitise agro - bargainer to power various undertaking including job management and inventory ordering , which ascertain the availability of supply like fertilizers and source to millions of small - ordered series farmers in rural areas .
“ husbandry distribution in rural communities is heavily controlled by agro - dealer who resolve how Fannie Farmer get at inputs , service and grooming . We are empowering these agro - trader by giving them the right instrument and technology for visibility of their business , for their professional and commercial-grade development and right support for farmer around them , ” Shamba Pride beginner and CEO , Samuel Munguti , told TechCruch .
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The agtech also provides farmers with market place linkages , Buy Now Pay Later ( BNPL ) financial services and training information through its USSD chopine .
It in the main targets small - scale husbandman that are part of Kenya ’s agriculture sector , which contributes33%of the state ’s gross domesticated intersection , apply over 40 % of the country ’s population and more than 70 % of those in rural background . It also accounts for 65 % of its exportation earnings , make it a cardinal sector of the country ’s economy and a centering area for innovators .
“ Shamba Pride ’s succeeder is based on innovation which ease sidereal day - to - 24-hour interval farming activities . We ’ve been proud to sustain a scalable theoretical account which creates additional revenues for husbandman and agrovets ( agro - dealers ) and powerfully contributes to successful charwoman entrepreneurship , ” sound out Maxime Bouan , a ecumenical partner at SAV , which last week have $ 30 million and $ 10.5 million from EIB and AFDB , respectively .
SAV is a sector - agnostic stock slap-up on inauguration that address basic needs such as pedagogy , healthcare and utilities , or heighten trade good , service and efficiency .
Shamba Pride source inventory from partners such as French multinational Elephant Verve that render it with “ mood - smart ” farm inputs , which is part of the agtech ’s scheme to ramp up resiliency for small - bearer James Leonard Farmer .
Ghana ’s Complete Farmer , which connects husbandman to world food buyers , upgrade $ 10.4 one thousand
