Grou
Grou is an online marketplace for agricultural products that connects farmers and buyers in emerging markets to transact in a secure and transparent way
- Stage Product In Development
- Industry Agriculture
- Location New York, NY, US
- Currency COP
- Founded November 2014
- Employees 2
- Website groulatam.com
Company Summary
Demand and supply of agricultural products do not have an efficient way of encountering one another in emerging markets. Small farmers lack access to markets, having to take their products to a town market and hoping to sell it at a good price. Due to high transportation costs, farmers are forced to sell at lower prices, leaving no room for bargaining power on the seller’s side. This problem is notorious in emerging markets, where 95% of farmers have less than 10Ha of land to cultivate.
Grou is a marketplace for agricultural products that allows buyers and sellers to meet in an easy, transparent and efficient way. Grou provides real-time market information to buyers and sellers that is otherwise unavailable. The platform combines the digital channels that sophisticated buyers expect, with offline mechanisms coherent with the cultural and educational backgrounds of farmers. This way, sellers benefit from increased access to markets and buyers benefit from an efficient value chain.
Team
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