The Agri-tech startup that connects rural smallholder farmers to urban retailers through a mobile cashless platform has secured the funding from US-based impact investor Gray Matters Capital.
According to Disrupt Africa, Taimba has raised US$100,000 (Sh10m) in funding to strengthen its infrastructure and increase delivery logistics to cater to new markets.
Taimba sources agricultural products directly from over 2,000 farmers and delivers such as potatoes, tomatoes, cabbages and carrots directly to over 300 informal greengrocers, schools, hospitals and restaurants within Nairobi.
The funding marks the fourth investment by the impact investor in Africa, after Rwanda’s ARED, Ghana’s Redbird, and Nigeria’s SonoCare. It has also supported Kenya’s MumsVillage and Sierra Leone’s Mosabi as part of its global digital accelerator programme GMC Calibrator. earlier this year.
Dominique Kavuisya, Taimba’s co-founder and chief executive officer (CEO), said the startup was delighted to become a part of Gray Matters Capital’s portfolio.
“This is a validation of the work which we have been doing and the impact on-ground delivering value to vendors and farmers through our mobile platform. The funding is a shot in the arm for us to strengthen our warehouse infrastructure by setting up cold storage facilities and also our delivery logistics so that we can cater to six new markets within Nairobi,” he said.
The startup is also planning to pilot in Mombasa and Kisumu by next year and will also look at introducing new products such as fruits, nuts and eggs as part of its farm product catalogue.
“Taimba will be all about quality fresh produce grown with good farming practices. We plan on using technology to fine-tune traceability through-out the value chain-from seeds used to other farm inputs. We will expand our tech such that eventually there will be a simple solution that farmers and traders have a way to engage and benefit through us,” said Joan Kavuisya, the startup’s co-founder and head of product development.