Description
Tellus Agro is engaged in apiculture, crop farming, and consultancy. It recently introduced its pure raw honey product into the market and owns three beekeeping locations in Nigeria.
Market Opportunity/ Problem
Nigeria produces about 16,000 tonnes of honey and 2,000 tonnes of beeswax annually. This is unable to meet local demand as ~US$7.3million worth of honey is imported into the country annually. Tellus Agro has a production capacity of only 2 tonnes of honey and 1/2 ton of beeswax but would like to grow this capacity to service the existing gap in the market
Company Information
Years of operation
1.5
Type of organization
Private company
Stage of the business
Early stage/ Startup
Agribusiness focus
Primary Production
Agriculture value chain(s) focus?
Livestock
Primary country of operation
Nigeria
Other country(ies) of operation
How many employees does your business have?
7
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
50k-500k
What is the split between equity and debt?
100% debt