Insight Supply Chain Solutions (Insight SCS) is a Filipino startup that's using technology to revolutionize the agriculture industry in the Philippines. Their Single Digital Supply Chain Platform provides guaranteed income for impoverished Filipino farmers by removing waste and inefficiencies in the agri supply chain.
Problem: Food insecurity is the largest and most urgent threat to the Philippines. The Philippines agri supply chain is highly fragmented and prone to corruption, resulting in 50% wastage, food security risk, and widespread exploitation of farmers. Poverty among Filipino farmers is nearly 3x greater than urban households.
The Insight SCS Solution: A fully developed single platform that connects and integrates all stakeholders and participants in any Supply Chain that drive efficiencies, lead to less spoilage and increased revenues for Filipino farmers, and lower costs to the consumer.
Investment Thesis
Investment Impact Thesis for Insight SCS
Investment Date: Investment expected to be completed in February 2023.
Target sector: InsightSCS addresses the fundamental problem of food insecurity and poverty amongst farmers with a digital supply chain management platform. The Company has 3 revenue models: (1) custom tech development; (2) SaaS subscriptions; (3) DeliverE agri-trade facilitation. Their main focus is to redeem the broken agri-supply chain in the Philippines.
Insight SCS Impact: Insight SCS has already benefited more than 16,000 farmers (54% of which are women) and 252 small and medium-sized enterprises, all while reducing waste by 90% and increasing revenues for the farmers by 100%. The ultimate goal is zero wastage and guaranteed monthly income for their farmers.
Growth prospects: With 500% growth in revenue in 2021, InsightSCS is well poised for significant growth in the coming years. The Company has secured working capital financing of around Php29,000,000 from Landbank of the Philippines, Bank of the Philippine Islands, Investree, Seedin, and from investors. InsightSCS also has secured contracts with corporate clients including: P&G, GrabMart, Sodexo, Google, Shell, BuiltaMart, Entrego, and JP Morgan.
Archangel Value-Added: Post-acquisition support from Archangel to include: Operations support in filling key management positions and connecting InsightSCS with global faith-driven entrepreneurs in relevant field (startup world), so they can learn how to operate a redemptive business at scale.
