#55: Apollo Agriculture - How the AgriTech platform is supporting smallholder farmers to scale across Kenya & Africa
Update: 2022-08-28
Description
Overview: Today, we’re going to talk about Apollo Agriculture, the Kenyan AgTech company - we’ll explore the Apollo story across the following areas
- African agriculture context
- Apollo's launch & early history
- Product & monetization strategy
- Competitive positioning & exit options
- Overall outlook
This episode was recorded on Aug 21, 2022
Companies discussed: Apollo Agriculture, The Climate Corporation (WeatherBill), Pula, FarmDrive, Monsanto, FairMoney & Kuda Bank
Business concepts discussed: Agricultural Technology (AgriTech or AgTech), smallholder farmers, Risk mitigation, Debt funding, Customer acquisition costs (CAC) & Customer lifetime value (LTV, CLV)
Conversation highlights:
- (06:10 ) - Agriculture context in Africa
- (21:00 ) - Context on Agriculture in Kenya
- (27:33 ) - Apollo founding story and founder background
- (40:55 ) - Fundraising and growth
- (55:14 ) - Product and monetization strategy
- (1:17:58 ) - Competition and exit options
- (1:27:53 ) - Bankole’s overall thoughts and outlook
- (1:34:50 ) - Olumide’s overall thoughts and outlook
- (1:49:36 ) - Recommendations and small wins
Olumide’s recommendations & small wins:
- Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com
- Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com
- Recommendation: Little Ways The World Works: Article by Morgan Housel. Great article talking about how learning from different fields is very helpful. He goes over learnings from evolution, astronomy, biology, anatomy, etc
- Recommendation: University of Berkshire Hathaway: Auto recommended by Kindle. Great. Chronicles 30 years of Berkshire Hathaway Annual meeting discussions
- Small win: Beach gathering with friends, it was fun
- Small win: Just got back from NYC 30 minutes before recording this episode, a lot of fun
Bankole’s recommendations & small wins:
- Recommendation: Soul In The Game - Vitaly Katsenelson && Asake - Terminator && For My Hand - Burna Boy and Ed Sheeran
- Small win: Beat my previous Readwise streak of 190 days!
- Other content: CIA Factbook on Kenya, FAOStat Food production, Interdependence and modularity - Christensen institute , All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense
Investors, Operators, Entrepreneurs - We’d love to hear from you. Please email info@afrobility.com to share feedback
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