Kenya-based agritech Gro Intelligence to shut down two months after slashing headcount
Gro Intelligence is reportedly closing down due to difficulty in securing sufficient capital. The company couldn't pay employees despite raising $117 million since its launch.
Kenya data analytics startup Gro Intelligence shuts down
Gro Intelligence is shutting down after failing to raise further capital. The company struggled to meet payroll and pension payments and laid off 60% of its staff.
What African B2B e-commerce startups can learn from OmniRetail’s profitable run
Hundreds of millions of dollars have been invested in B2B e-commerce and retail in Africa, but the sustainability of this sector is now being questioned. Many B2B e-commerce startups have struggled to keep subsidizing their products and expanding operations, leading to retreats, closures, downsizing
