Nigeria’s Farmcrowdy and Kobo360 Win Big at 2018 AppsAfrica Awards Ceremony
Nigerian agritech startup, Farmcrowdy, has won the Best African AgriTech Solution award at the 2018 AppsAfrica award ceremony. Held in South Africa, the Apps Africa award is an annual ceremony that honours tech and mobile innovators in Africa.
This year’s event marks the fourth edition of AppsAfrica award. The event usually attracts much attention from innovators and each year, the organisers get more than 200 applications for nominations from various countries. In 2017, the number of applications crossed 300 from 25 countries.
Tonight we won the Best African AgriTech Solution award at the Apps Africa award ceremony in South Africa and we cannot contain our excitement! Thank you @AppsAfrica, we are taking #FarmcrowdyToTheWorld!
— Farmcrowdy (@farmcrowdy) November 12, 2018
On its part though, Farmcrowdy came out top of a very tight category. The AgriTech award recognises important innovations transforming productivity and solving problems in the agro industry. Other nominees for this award included Aerobotics; a South African company using drones for agro use and Kitovu, a Nigerian agrostartup providing extension services to farmers and a platform for them to sell their goods. Other nominees include Ghana’s TRORO Tractor and Kenya’s WeFarm. Farmcrowdy however scooped the highly coveted award.
But Farmcrowdy wasn’t the only Nigerian startup to take home an accolade. Two-year-old logistics startup, Kobo360 also won the Best Enterprise Award at this year’s AppsAfrica awards.
Congrats to the Squad! We are on a mission to build the Global Logistics Operating System. https://t.co/2FnhLQvV8b
— Kobo360 (@kobo_360) November 12, 2018
The win signifies another huge achievement for the company this year. With its eyes set on disrupting the multibillion dollar Nigerian logistics industry, Kobo360 is doing well enough for itself. The startup raised an impressive $1.2 million pre-seed funding from Western Technology Limited and Lagos-based Future Limited. According to the company, the new investment is important for scaling the enterprise and allowing it some leg room in an industry dominated by companies like FedEx, UPS and DHL.
#Nigerian #logistics startup #Kobo360 accepted into #YC, raises $1.2Mn. When interviewed for Y-Combinator’s 2018 cohort a question stood out to founder Obi Ozor. “‘What’s holding you back from becoming a Unicorn?’ they asked. My answer was simple: ‘working capital,’” said Ozor. pic.twitter.com/pPN3vWJQ0x
— bank·a·ble (@mbuguanjihia) July 2, 2018
Flowing from this, the startup also scored a place in the YCombinator Summer ‘18 program. As a cohort of the program, the startup received $120,000 funding in return for 7% equity as well as support and mentoring from some of Silicon Valley’s brilliant minds.
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