Startup Profile: Foodstock — get cheap farm produce directly from farmers online

by | Sep 25, 2017

Founded by Omolere Omotayo, in April 2016, Foodstock is best described as an online marketplace that connects farmers to consumers in Nigeria.

Since inception, the online platform has basically served as a more convenient means to access cheap food products — either in raw or finished forms. Tayo, in the bid to give an abridged description of Foodstock, says “actually, we do everything food”.

So much travail surround shopping in local Nigerian markets (such as Mile 12). From bearing the usually unfriendly weather to fighting one’s way through the labyrinth of stores  — while avoiding “accidental” collision with hundreds of people who are also struggling to navigate their way out of really congested routes — the experience isn’t promising to anticipate.

Advertisement

Tayo must have brooded over having a platform that could save the day by offering even cheaper products than Mile12 and at the same time giving consumers the convenience they need. Apparently, this birthed Foodstock. In just a year of its operations, the startup has had remarkable milestones and in fact, positioned itself as the largest B2B market in Lagos.

We work with farmers, provide them with seeds etc and sell their produce and more — actually everything food — to the final consumers.

Currently, Foodstock claims to have no major competitors. According to the founder, potential competitors have been turned into partners. With Amujo Adeyemi’s backing as the COO, Omotayo is quite confident that Farmstock will soon become customers’ delight. And, going by their claim of outmatching Mile 12’s prices, it could be a possibility.

But, the best way to find out if Farmstock really stand a chance against Mile 12 is to visit the website.


*Mile 12: a commercial market in Lagos that retails food produce in large quantities at very cheap rates.


Discover new startups every weekday by noon (WAT) | Pitch your startup here.

Grace Akinosun
Grace Akinosun

Girl … with a pen. Content Creator.

Advertisement


Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

TABS is tomorrow! 💃 💃

TABS is tomorrow! 💃 💃

On #TechpointDigest, we discuss Victory Farms’ $5m investment, Netflix for kids and people with disabilities, and TikTok’s plan to credit creators.

TikTok on a “Branded Mission”

TikTok on a “Branded Mission”

On #TechpointDigest, we discuss Autochek’s new acquisition, TikTok’s Branded Mission, Bamba’s $3.2 million seed, and Jumia’s report for Q1 2022.

[PODCAST] Tax evasion in Nigeria to get harder

[PODCAST] Tax evasion in Nigeria to get harder

Using data mining and machine learning, Nigeria’s Federal Inland Revenue Service plans to make it harder to evade taxes. Listen to today’s episode of #TechpointAfricaPodcast to learn how it plans to do that.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap