Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Procurepal's mission is to streamline and enhance the procurement processes for hospitality businesses, ranging from restaurants and hotels to lounges, clubs, caterers, and even personal homes.

01.01 Describe your startup in more detail

Procurepal's mission is to streamline and enhance the procurement processes for hospitality businesses, ranging from restaurants and hotels to lounges, clubs, caterers, and even personal homes. We strive to provide top-quality products, efficient logistics, and exceptional customer service, empowering our clients to focus on delivering outstanding experiences to their customers.

01.02 What is the main problem you are trying to solve?

- Inefficient procurement processes; A lot of businesses in the hospitality industry struggle with time consuming and inefficient procurement processes. - Inconsistent supply chain; Supply chain disruptions can significantly impact hospitality businesses. - Time management; Hospitality professionals often have limited time to dedicate to procurement task due to their focus on day-to-day operations. - Limited supplier network; Acess to a wide network of suppliers can be limited to some businesses affecting their ability to source a diverse range of products.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

- Quality control; Procurepal offers quality assurance services, vetting suppliers and products to ensure clients receive high quality items. - Time management; We take responsibility of managing procurement , allowing our clients to focus on their core business activities. - Unlimited supplier network; We expand clients’ access to a broad network of suppliers, ensuring they have variety of options to choose from. - Sustainable Supply Chain; We help to stabilize the supply chain by maintaining strong relationships with reliable suppliers and managing inventory to prevent shortages.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Hospitality businesses (restaurants, hotels, lounges, clubs, caterers, personal homes).

01.05 When was your company established?

2024-01-30

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

0

01.08 Among the other owners, how many are female?

0

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

-

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://www.instagram.com/procurepalservice?igsh=MzRlODBiNWFlZA==

01.11 Which industry best describes your project?

d) Primary commodities (food, drink, household and personal products)

02.01.01 My startup contributes to the No poverty goal

6

02.01.02 No poverty - Justification for my startup

We potentially increase the employment rate as we grow and our product sourcing will go as far as the first hand producers of the products, mostly farmers (in aspect of food products) and make sure we get our clients needs (especially perishables) from them and give it a storage to reduce wastage and definitely in the income of our suppliers which can improve and raise most of them from poverty.

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

By ensuring efficient and reliable procurement of high quality food and related supplies, Procurepal helps hospitality businesses maintain consistent food availability and can contribute to reducing hunger and ensuring food security.1

02.03.01 My startup contributes to the Good health and well-being goal

7 - Strongly Agree

02.03.02 Good health and well-being - Justification for my startup

Procurepal ensure efficient and reliable procurement of high quality of fish and related supplies and our quality control team will ensure the quality assurance.

02.04.01 My startup contributes to the Quality education goal

6

02.04.02 Quality education - Justification for my startup

Procurepal provides training and support to hospitality businesses on sustainable practices, helping them adopt more eco friendly operations and procurement strategies.

02.05.01 My startup contributes to the Gender equality goal

6

02.05.02 Gender equality - Justification for my startup

Procurepal is inclusive of both genders without discrimination or prejudice.

02.06.01 My startup contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

Procurepal supports economic growth by helping hospitality businesses become more efficient and profitable. This, in turn, can led to job creation and better working conditions in the hospitality sector. Additionally, by providing fair wages and decent working conditions for its own employees, Procurepal supports decent work principles.

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

By streamlining procurement processes and leveraging techno technology, Procurepal fosters innovation in the hospitality procurement sector. Their use of efficient logistics and supply chain management contributes to building resilient infrastructure and promoting sustainable industrialization.

02.10.01 My startup contributes to the Reduced inequalities goal

5

02.10.02 Reduced inequalities - Justification for my startup

Procurepal is inclusive and equal to all genders, tribes and races without discrimination or prejudice.

02.11.01 My startup contributes to the Sustainable cities and communities goal

5

02.11.02 Sustainable cities and communities - Justification for my startup

Whenever possible, Procurepal supports local economies by sourcing from local suppliers. It reduces emissions and supports community businesses.

02.12.01 My startup contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification for my startup

Procurepal promotes responsible consumption by sourcing products that meet quality sustainability standards. They can help reduce waste through efficient inventory management and by selecting eco friendly products.

02.13.01 My startup contributes to the Climate action goal

6

02.13.02 Climate action - Justification for my startup

By optimizing supply chains and reducing unnecessary transportation, Procurepal can help lower the carbon footprint associated with procurement activities. Additionally, promoting the use of sustainable and eco friendly products can contribute to climate action efforts

02.14.01 My startup contributes to the Life below water goal

5

02.14.02 Life below water - Justification for my startup

Procurepal prioritize suppliers who adhere to sustainable and ethical practices, ensuring that the products procured are environmentally friendly and socially responsible.

02.15.01 My startup contributes to the Life on land goal

5

02.15.02 Life on land - Justification for my startup

Procurepal prioritize suppliers who adhere to sustainable and ethical practices, ensuring that the products procured are environmentally friendly and socially responsible.

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

4

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

5

02.17.02 Partnerships for the goal - Justification for my startup

Procurepal will continue to work on global partnership for sustainable development and sustainability is our top concern and priority.

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

06.02 The product/service represents an entirely new type of product/service.

4

06.03 The product/service could be described as a new technology.

4

06.04 The product/service is an improvement on an existing product or service.

7 - Strongly Agree

06.05 The product/service could be described as an extension of a range of products or services.

7 - Strongly Agree

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

6

06.08 Justification for my startup

Procurepal’s project will stands out due to its comprehensive, technology driven and client focused approach. By integrating advanced technologies, ensuring transparent and cost effective procurement processes, emphasizing sustainability and leveraging extensive industry experience which makes Procurepal’s address the key challenges faced by the hospitality industry. These features and benefits sets procurepal apart from traditional procurement services and positions it as a leader in the market.

06.09 Competitive Analysis

Jumia food and Supermart.ng are potential competitors but they both focus on supermarkets sources which potentially costs more and not cost effective to most in the hospitality industry and Jumia food has more focus on cooked food which is not part of our business model. Unlike some other possible competitors that provide general procurement services, Procurepal specializes in the hospitality industry offering tailored solutions for restaurants, hotels, lounges, clubs and personal homes by utilizing AI and machine learning for demand forecasting, inventory management and personalized recommendations, setting it apart from more traditional procurement methods and offering transparent and flexible pricing models, with clear communication about cost savings and adjustments in volatile markets, enhancing client trust and satisfaction.

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?