AgVentures, Africa’s pioneering agrifood tech investor, recently acquired a stake in Skudu.
Consumers are spoiled for choice with online marketplaces but the same cannot be said for the buyers and sellers of agricultural inputs and produce. This market is ripe for disruption. Skudu is ideally positioned to become the leading online marketplace for agricultural inputs and produce in Africa.
Skudu’s innovative platform shortens the agricultural value chain and increases user choice by connecting buyers and sellers directly. The Skudu platform also helps farmers and their advisors to improve their input planning and accuracy.
Skudu is led by Cobus van der Merwe, an agri-industry stalwart, who is upbeat about the partnership: “We are excited to partner with AgVentures given its deep agri-industry and technology expertise. As Skudu we want to make it easy for buyers and sellers to find each other on Skudu. Saving them money in the process and helping them to increase their efficiency”.
This sentiment is also shared by Gerhard Visagie, the CEO of AgVentures: “We were attracted to Skudu due to their highly experienced management team, ambitious plans and traction gained in a short space of time. We believe that Skudu will bring much needed innovation to the South African agrifood sector with future continental expansion being planned”.
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