Kenyan agritech startup iProcure enters administration
IProcure, the Kenyan agritech startup backed by Safaricom’s Spark Fund, is now under administration after failing to settle undisclosed debt
Source: techcabal.com
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Investor–startup disconnect threat to funding – report
71% of investors said will not put in more money in those failing to provide regular reports.
Source: the-star.co.ke
Kenyan start-ups get Sh91bn from VC funds
Kenyan start-ups got Sh91.4 billion from venture capital (VC) funds last year.
Source: businessdailyafrica.com
👨🏿‍🚀 TechCabal Daily - Zumi shuts down
B2B e-commerce startup Zumi is shutting down due to its inability to raise the funding necessary to sustain its operations. More in #TCDaily.
Source: techcabal.com
Seventh Kenya tech start-up goes under on lack of funding
Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up.
Source: businessdailyafrica.com