Nigerian Startup, ReelFruit Wins $50,000 From Village Capital Accelerator

Source: Naija Tech Blog

[ad_1]

We reported earlier that a Nigerian startup, Reelfruit and nine other startups from across Africa were selected to be a part of the Village Capital accelerator. After the due process, the Nigerian startup has been selected as one of winners of the $50,000 funding from the accelerator.

The just-concluded Village Capital Accelerator program focused on startups whose solutions addressed food security issues and improved results for small farmers on the African continent. At the end of the competitive processes, Village Capital selected two startups according to its peer-selection model.

Village capital selects Nigeria's ReelFruit and Ghana's Complete Farmer for its accelerator

The two startups selected are Reelfruit from Nigeria and Complete Farmer from Ghana. Each startup will receive the monetary funding from the accelerator.

What ReelFruit does

Reelfruit produces a wide range of dried, healthy fruits and nuts snacks. These snacks are sold across hotels, schools and over 250 retail supermarkets in the country. The products are made from fruits which include mango, pineapple, cashew, banana, etc.

So, asides producing nourishing foods, its preservation model ensures that the company is contributing its own quota in ensuring that wastage of those perishable agric products is minimised.

Nigerian Startup, ReelFruit Wins $50,000 From Village Capital Accelerator

Speaking about the accelerator’s just concluded round, the regional manager for Village Capital, Adedana Ashebir narrated how impressive Reelfruit has been through out the processes.

I’m especially proud of ReelFruit and Complete Farmer who consistently impressed their colleagues throughout the peer due diligence process.

Adedana Ashebir, Regional Manager for Africa at Village Capital.

He went on to laud the African agritech culture as well as the entire program: “I’m thrilled about the Africa Agriculture 2019 programme and the fact we had representation from Zambia for the first time, a Senegalese company representing Francophone Africa, and nine ventures from seven countries.”

The accelerator will not only provide funding for the startups, ReelFruit and Complete Farmer will also receive training to ensure that the business continues to make strides in the agricultural sector.


If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


SUBSCRIBE

Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


Comments



[ad_2]
Source link

Click To Add Coments

Leave a Comment