BAY SEDDO
Description
Founded in 2019, Bay Seddo is an innovative Senegalese SMSE operating in the horticultural sector. It buys produce from contractual farmers through first-level collectors and sells to retail and wholesale distributors of horticultural produce. The company has been instrumental in setting up multiservice hubs in high horticultural production areas of the country by playing the role of the main intermediary between smallholder farmers and input and service providers. This allowed small farmers to sell produce easily and to have access to finance, input supply, extension services, and health insurance.
Market Opportunity/ Problem
Bayseddo delivers quality, fresh products to an informal retail market for selected horticultural products to women retailers generally called tabletop women. There are thousands of such women in Dakar and the Senegalese regions. Without Bay Seddo, those women go every morning at 5 AM to the market to buy the products they need for selling in some relatively high-income areas of Dakar City with no fresh food groceries nearby. The problems of transportation, insecurity, and the long work hours wasted make this business very hard for women. Bay Seddo’s value offering is to make that activity easier and to provide health insurance with 100 % coverage to these women from the resources generated through the value chain hubs in which Bay Seddo plays a major role.
Company Information
Years of operation
3
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Enabling (Cold storage)
Agriculture value chain(s) focus?
Fruit, Potato, Sweet Potato, Vegetables, Other
Primary country of operation
Senegal
Other country(ies) of operation
N/A
How many employees does your business have?
20
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
$2,000,000
What is the split between equity and debt?
100 % convertible debt