Distribution Express (DITEX)
Description
Since its creation, DITEX has been operating in GPS Tracking Solutions, providing customised Tracking Solutions to companies and individuals. By using the GPS Tracking Technology, DITEX has developed WhatsNear, a Mobile and Web Application, which aims to reduce the cost of agricultural products transportation by 50% and enhance intra-African trade.
Market Opportunity/ Problem
According to the Research for Community Access Partnership (ReCAP), 90% of agri-food production in Africa is provided by smallholders, most of whom have very limited access to transport infrastructure. As a result, transport costs represent 27.5% of the final sales price of agricultural products, and post-harvest losses of fruits and vegetables cost up to 40% of total production, due to the lack of optimal options for transport.
Company Information
Years of operation
6
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Enabling (Transport/logistics)
Agriculture value chain(s) focus?
Food crops
Primary country of operation
Cameroon
Other country(ies) of operation
Senegal, Burkina Faso, Mauritania, Guinea, Swaziland and Democratic Republic of Congo
How many employees does your business have?
5
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
$250k
What is the split between equity and debt?
20% equity, 80% debt