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Trade & import

Lagos Foods Co.

Lagos, Nigeria · Sourcing and importing West African staple foods to UK wholesalers
Low risk 18-month term Fixed interest Open — expressing interest
Overview Terms Repayment schedule Documents Updates Q&A Risk Social
Pitch from the business owner
2:14 Meet Tunde — a 2-minute introduction to the business
Sourcing rice direct from farmers in Ogun State
Inside the Lagos warehouse and packing floor
1:48 Why we're raising this round
The team behind Lagos Foods Co.
Uploaded by Tunde Adeyemi, business owner

About this deal

Lagos Foods Co. imports rice, beans, palm oil and dried fish from verified Nigerian suppliers and distributes to independent African and Caribbean grocers across London and Birmingham. Founded in 2019 by Tunde Adeyemi, the business has grown from a single delivery route to supplying over 60 retailers.

This raise funds a bulk container order timed to lock in pre-harvest pricing, cutting unit costs by an estimated 14% versus spot-buying through the year. Funds are drawn down once the deal closes and repaid from wholesale receivables over the following 18 months.

Founded
2019
Business owner
Tunde Adeyemi
Based in
London, UK
Operating in
Lagos, Nigeria
Use of funds
Bulk container order, pre-harvest pricing
Track record
2 prior deals, both repaid on time

Terms

Amount seeking
£60,000
Minimum ticket
£250
Term length
18 months
Return structure
Fixed interest
Target return
11% total over term
Repayment frequency
Quarterly (proposed)
Root ASAP platform fee
None — Root ASAP is never party to the transaction
Interest deadline
28 September 2026
How this indicative return is calculated: principal × 11% ÷ 6 quarterly instalments, paid alongside a portion of principal each quarter. Example: a £1,000 investment would be projected to return approximately £1,110 in total across six quarterly payments — this is Tunde's proposed structure, agreed directly with each investor, not a Root ASAP-administered schedule.

Proposed repayment schedule

This is Tunde's stated plan for repaying investors directly. Root ASAP does not track, hold, or enforce these payments — treat it as a starting point for what you agree together.

InstalmentProposed datePrincipalInterestStatus
1 of 628 Dec 2026£8,571£1,100Proposed
2 of 628 Mar 2027£8,571£1,100Proposed
3 of 628 Jun 2027£8,571£1,100Proposed
4 of 628 Sep 2027£8,571£1,100Proposed
5 of 628 Dec 2027£8,571£1,100Proposed
6 of 628 Mar 2028£8,575£1,100Proposed

Documents

Business plan.pdf
2.4 MB · Uploaded 3 Aug 2026
Download
Financial projections.xlsx
640 KB · Uploaded 3 Aug 2026
Download
Company registration certificate.pdf
310 KB · Verified by Root ASAP
Download

Updates

2 August 2026

Supplier contract signed

We've locked in pricing with our Lagos rice supplier ahead of the September harvest — this raise funds the deposit and first shipment.

20 July 2026

Deal listed on Root ASAP

Thanks for taking a look. Happy to answer any questions in the Q&A below.

Questions & answers

MK
Maria K. Investor
What happens if the container shipment is delayed past the harvest window?
TA
Tunde Adeyemi Business owner
We've built a 3-week buffer into the schedule and have a backup supplier on standby. Repayment dates are set from container arrival, not order date, so a short delay wouldn't affect your schedule.
DO
David O. Investor
Is the 11% return fixed regardless of how well the containers sell?
TA
Tunde Adeyemi Business owner
Yes — this is a fixed-interest deal, so your return doesn't change with sales performance. It's repaid from wholesale receivables regardless of margin on any single shipment.

Capital at risk

This is an unlisted investment in a private business. Returns are not guaranteed, repayment depends on the business's performance, and your capital is not protected by the FSCS. Root ASAP does not hold or transfer funds, does not negotiate or execute this transaction, and does not provide investment advice — Root ASAP vets and lists deals, but the investment itself is agreed and completed directly between you and the business owner. Only invest what you can afford to lose, and read the full risk disclosure before proceeding.

Follow along

Lagos Foods Co. on social

Real updates straight from the business — connected from Instagram, Facebook and LinkedIn.

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