TAIMBA

Posted By Graymatterscap On Fri, Aug 30, 2019

Taimba Limited is a business to business mobile-based cashless platform that connects rural small scale farmers to urban retailers. It helps cut wastage and make farmer products affordable without undercutting the farmer.

The Nairobi based start-up, founded by Dominique Kavuisya and Joan Kavuisya in April 2017, sources from the farmer at prices that are farmer friendly and then offers the retailers the fresh produce at lower than market prices enabling them to sell to the final consumer at more affordable prices including delivering to their premises.

Investment Rationale

Women constitute 83% of informal green grocers in Nairobi in the aged 22 to 39, and 80% of farmers in Kenya of an average age of 60. By delivering more money in their hands, in addition to the convenience of time, Gray Matters Capital believes that the women served by Taimba have an opportunity to create a better livelihood for themselves and their families.

The funding is aimed at strengthening Taimba’s warehouse infrastructure by setting up cold storage facilities and also to augment its delivery logistics so that it can cater to 6 new markets within Nairobi.

Moreover, the team has built a solution that can be replicated in other markets in East Africa with minimal tweaks.

About Graymatterscap

Gray Matters Capital (GMC) is an Atlanta based impact investor with a gender lens that is on a mission to “Find a more purposeful life for 100 million women by 2036." Aligning with its mission is its strategy of making sector agnostic investments globally in for-profit enterprises whose products and services benefit women and girls at scale.

GMC sees education, primarily catering to under-resourced and low and middle income sections of the society, as a powerful tool to bring about gender equality and social equity. Over the past 12 years, it has focused on supporting the education ecosystem India by funding for-profit enterprises in the ‘learning to earning’ space, besides being pioneers in establishing the school finance industry catering to low cost private schools in India with Indian School Finance Company (ISFC); Pakistan with the set-up of Taleem Finance Company Ltd (TFCL), in addition to Nigeria (with EdFin Microfinance Bank).

GMC has till date funded over 80 enterprises across the world to the tune of US$ 125 million.

To know more, visit: www.demo.graymatterscap.com