The United Nations Development Programme (UNDP) and the European Union (EU) launched the Growth Stage Impact Ventures (GSIV) initiative to identify enterprises that have developed scalable products and services.
Lagos, Nigeria (September 15, 2023)–The UNDP and EU launched the GSIV program to acknowledge companies contributing to the Sustainable Development Goals (SDGs) while achieving commercial success. Pricepally emerged as one of the “17 outstanding enterprises” finalists based on the findings from SDG Investor Map, a market intelligence tool helping private investors and business models advance their SDGs.
The looming benefits of the GSIV program include financial support from United Nations (UN) agencies and training support on UNDP’s SDG Impact Standards. Pricepally will grace the 6th Annual Convening on Impact Investing in Lagos on October 31 and November 1, 2023.
The recognition is a welcome development for Pricepally, whose primary objective is food availability and affordability in Nigeria and Africa. The financial aid will enable Pricepally to support African households and vulnerable groups through food-centered initiatives like the food donation program launched in August 2023.
Pricepally is an online grocery store for farm-fresh food and household supplies in Nigeria. Currently, the company operates in Lagos, Abuja, and Port Harcourt. In August 2023, the company launched a food intervention initiative to fight hunger in Nigeria.