This archive report was first published on 8 July 2020.
July 8, 2020 - Pricepally, a Nigerian e-commerce platform, has secured funding from GreenTec Capital Partners to deepen user savings and re-imagine the food system in Africa.
Founded on the desire to provide households with access to essential and quality food at affordable prices, Pricepally uses a social component to bring consumers together directly with farmers, manufacturers, and wholesalers.
According to Maxime Bayen, Senior Company Builder at GreenTec Capital Partners, "At the origin of Pricepally was the deep desire from a group of people to allow households to access essential and quality food at more affordable price. We, at Greentec Capital, are thrilled to be supporting this team of young, brilliant and gender balanced co-founders on such an important mission!"
Currently available in the Lagos area, Pricepally offers 1-2 day delivery on orders and allows users to shop and share their orders for foodstuffs, groceries, meat, baby products, etc via their social network with friends and family.
GreenTec has invested in several African startups this year, including Kenya's Ecodudu, Ghana's Sumundi, Kenya's Amitruck, and Morocco's Kwiks.
Pricepally's CEO, Luther Lawoyin, expressed excitement about the collaboration with GreenTec Capital, stating, "At Pricepally we are excited about our collaboration with GreenTec Capital, we see this as a significant step in achieving our vision of a sustainable food system for urban African cities. We are very aware of the huge challenge ahead but we are also very confident in this partnership and we look forward to the future."
