US Venture Capital, Gray Matters coLabs, Invests $100k Funding in Kenyan Startup, Taimba

Nairobi-based B2B agritech startup has secured a USD 100,00 funding from US impact investor, Gray Matters Capital’s gender lens portfolio, GMC coLABS.

Taimba is a mobile-based cashless business-to-business platform that connects rural scale farmers to urban retailers. Founded in 2017 by Dominique Kavuisya and Joan Kavuisya in 2017, the company sources agricultural products from rural-scale farmers directly and delivers to schools, informal green grocers, restaurants and hospitals within Nairobi. Thus, it eliminates the need for middlemen, reduces the agricultural value chain, cuts wastage and makes agricultural produce more affordable.

Currently, Taimba has over 2,000 farmers in its portfolio and it engages with fifteen farmer SACCOs (Savings and Credit Co-operatives) to sell produce, and it also has 310 customers based out in Nairobi.

Commenting on the funding, the CEO and Co-Founder of Taimba, Dominique Kavuisya said,

“We are delighted to become a part of Gray Matters Capital’s portfolio through the coLABS funding. 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 6 new markets within Nairobi.”

The Kenyan startup is also planning to establish in Kisumu and Mombasa city by 2020 and intends to introduce new products such as nuts, fruits and eggs to its product catalogue of tomatoes, potatoes, carrots and cabbages.

The Head of Product Development and Co-Founder, Joan Kavuisya, also adds that the company will expand its tech such that there will eventually be a simple solution that enables traders and farmers to engage and benefit from the startup better.