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Home Venture Capital

Nigerian food e-commerce Pricepally secures US$1.3M in seed funding

TechGist Africa by TechGist Africa
November 29, 2023
in Africa, Nigeria, Venture Capital
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Pricepally, a Nigerian e-commerce platform for fresh and packaged foods has raised US$1.3 million in seed funding to help it scale.

Investors in the seed funding round included Chui Ventures, Hi2 Global, SOSV, ELEA, Samurai Incubate, and David Mureithi, the former MD of Unilever West Africa.

Also read: Nigeria Central Bank to tighten policy to curb inflation

Pricepally is an e-commerce platform that sources and delivers farm-fresh fruit. It was founded in 2019 by Luther Lawoyin, Jumai Abalaka, Deepak Bansal, and Monsunmola Adefemi.

Pricepally provides both reasonable pricing and excellent quality by bridging the gap between producers and customers, benefiting all parties involved.

With the funding, Pricepally plans to increase its market share in Lagos, Abuja, and Port Harcourt as well as reach new cities.

Also read: Aduna Capital Nigeria launches US$20M early-stage fund

Additionally, it will develop emerging B2B markets, optimize end-to-end operations, add cutting-edge consumer features, and improve its technology.

Related

Source: TechGist Africa
Tags: AbujaafricaChui VenturesDavid MureithiDeepak BansalEleafarm-fresh fruitHi2 GlobalJumai AbalakaLagosLuther LawoyinMonsunmola AdefemiNigerian e-commerce platformNigerian food e-commerce Pricepally secures US$1.3M in seed fundingPort-HarcourtPricepallySamurai IncubateSOSVTechventure capitalафрикаأفريقياアフリカ非洲
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TechGist Africa

TechGist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across.

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