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Company

Grocedy

Grocedy_logo
29
EQ SCORE

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Grocedy is a platform that allows low and middle-income earners to "Pay what they can" in advance towards a monthly staple food subscription. Worldbay Technologies Inc. is a technology company that owns the Foodtech brand, Grocedy

Lagos, Lagos, Nigeria

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Anglais

Grocedy

Anglais

We set out in September of 2019 with an ambitious goal of disrupting the distribution of staple foods to consumers in Nigeria, hence making them more affordable. Especially so for the millions of low-income and vulnerable families in urban areas, but at the same time, we wanted to build an extremely profitable enterprise.

Our plan was to develop, deploy and optimize innovative technology and processes, while having the goal to scale to hundreds of thousands (potentially millions) of...

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We set out in September of 2019 with an ambitious goal of disrupting the distribution of staple foods to consumers in Nigeria, hence making them more affordable. Especially so for the millions of low-income and vulnerable families in urban areas, but at the same time, we wanted to build an extremely profitable enterprise.

Our plan was to develop, deploy and optimize innovative technology and processes, while having the goal to scale to hundreds of thousands (potentially millions) of recurring customers, monthly. The end goal is to onboard millions of unbanked and underbanked users unto the platform, analyse their payment habits and other alternative data, then offer them tailored micro financial services. Grocedy was thus born.

Two years later and we are executing our plans to the point where we cannot satisfy the current demand for our offering. Our achievements didn't go unnoticed as we were selected by the prestigious, world-renowned, StartupBootCamp to participate in an intensive, 3 month accelerator program as one of the top ten tech startups in Africa. (https://disrupt-africa.com/2021/06/24/10-startups-picked-for-startupbootcamp-afritech-telecel-accelerator-programme/).

To further our growth, as well as cater to our current (over 6,500) customers, we are raising a $500,000 round using the Simple Agreement for Future Equity with a Post Money Valuation Cap of $7,500,000. Currently, we are subscribed $250,000 by investors, hence there is an availability of $250,000

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Certifications

ENRICH in Africa
Exclusive label for the African and European innovative companies that have been selected for the ENRICH in Africa programs.
19 Entities
Startupbootcamp AfriTech
Startupbootcamp AfriTech was launched in 2017 as the first multi corporate-backed pan-African startup accelerator. We run world class accelerator programmes, working with some of the most disruptive startups on the continent. We provide access to our global network of corporate partners, investors and mentors.
8 Entities

Communities

ENRICH in Africa
ENRICH in Africa brings together key stakeholders from the European and African innovation ecosystem to upgrade the capacity of incubators and accelerators and benefit entrepreneurs in both regions.
343 Members

Our history

Start in September 2019

  • September 2019

    Launched Grocedy after 6 months of planning and developing MVP

  • November 2019

    Reached 1,000 paying subscribers in under 60 days

  • Febuary 2021

    Launched USSD customer application

to be continued ...