Kenya-Based Startup Kune Food Shuts Down Due To Insufficient Funding

29 giu 2022 · 1 min. 42 sec.
Kenya-Based Startup Kune Food Shuts Down Due To Insufficient Funding
Descrizione

Kune, a Kenyan food-tech startup that delivered ready-to-eat meals at affordable prices, is closing down, CEO Robin Reecht cited a stifled economy and inflated food prices as circumstances that contributed...

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Kune, a Kenyan food-tech startup that delivered ready-to-eat meals at affordable prices, is closing down,
CEO Robin Reecht cited a stifled economy and inflated food prices as circumstances that contributed to Kune’s closure.
The announcement comes just 4 months after the startup began its commercial operations at established meal centres around Nairobi.
Kenyans were aggrieved by his comments and did not hesitate to voice their critiques. They argued that Reecht’s ability to secure funding so quickly was due more to his white privilege than his business plan, which some believed aimed to solve a nonexistent problem.
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Autore Africa Business Radio
Organizzazione Africa Business Radio
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