Foodtech Startup Kune food shuts down Nairobi business techmoran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techmoran.com Daily Mail and Mail on Sunday newspapers.
Jumia Foods' shutdown reflects food delivery's high-growth, low-profit model venturesafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from venturesafrica.com Daily Mail and Mail on Sunday newspapers.
Despite raising $5 billion in funding last year, VC-backed African startups are laying off, shutting down products and closing down. In this article, we explore the reasons behind some of these failures.