Kenya’s startup boom has produced celebrated founders, billion-shilling valuations, and hundreds of millions of dollars in venture capital. It has also produced some spectacular failures.
Over the past five years, startups across logistics, e-commerce, agriculture, fintech, food delivery, clean energy, AI, and auto manufacturing have shut down, entered administration, or abandoned their core businesses.
The 10 companies on this list raised more than $500 million combined. Copia raised $123 million, Gro Intelligence more than $117 million, and KOKO Networks over $100 million. Others, including Sendy, MarketForce, and Lipa Later, raised tens of millions before running into trouble.
But what happens to founders after their startups collapse?
Originally published by TechCabal.