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
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How to engage

Please reach out to us on dealroom@agra.org for any queries or support. The SMEs can be reached directly through the unique link found on their company profile page.