#55: Apollo Agriculture - How the AgriTech platform is supporting smallholder farmers to scale across Kenya & Africa
Afrobility: Africa Tech & BusinessAugust 28, 202202:00:21220.38 MB

#55: Apollo Agriculture - How the AgriTech platform is supporting smallholder farmers to scale across Kenya & Africa

Overview: Today, we’re going to talk about Apollo Agriculture, the Kenyan AgTech company - we’ll explore the Apollo story across the following areas

  1. African agriculture context
  2. Apollo's launch & early history
  3. Product & monetization strategy
  4. Competitive positioning & exit options
  5. 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:

Investors, Operators, Entrepreneurs - We’d love to hear from you. Please email info@afrobility.com to share feedback