iProcure

iProcure is a Nairobi-based agri-tech company founded in 2013 that focuses on transforming agricultural supply chains across East Africa. The company provides a proprietary technology platform designed to optimize the distribution of farm inputs, including seeds, feed, and fertilizer. By utilizing data-driven business intelligence and stock management solutions, the platform streamlines last-mile delivery and fulfillment for rural areas. iProcure serves a network of tech-enabled agro-dealers and commercial smallholder farmers, aiming to reduce production costs through accurate forecasting and strategic inventory positioning. Despite reaching significant scale and digitizing operations for over a million farmers, the company faced macroeconomic headwinds and funding challenges, leading it to file for bankruptcy and enter administration in April 2024. More recently, the enterprise has made efforts to revitalize its operations by re-acquiring its foundational technology to resurrect the business after the administration period.

iProcure was established to address inefficiencies in the agricultural input sector by providing a digital link between suppliers and farmers. The company developed a specialized supply chain infrastructure that includes procurement, distribution, and warehousing services. By integrating data analytics into rural commerce, the platform enables agro-dealers to manage inventory more effectively while ensuring farmers have reliable access to high-quality agricultural supplies.

Following a period of rapid growth and significant venture capital backing, the company entered a challenging phase in 2024. After failing to secure additional funding and facing local market shifts, such as government fertilizer subsidies, iProcure was placed under administration by KPMG. However, as of late 2024, the company has successfully regained its essential technology assets in a strategic bid to restart its operations and continue serving the East African agricultural sector.