Twiga Foods faces a liquidation threat over $263,691 debt
Incentro Africa has filed insolvency against Kenyan agritech startup, Twiga Foods for its failure to remit KES 39 million ($263,691).
Twiga Foods
Twiga Foods lays off 21% of its employees
Twiga has laid off 211 of its full-time employees as a result of restructuring. This has eliminated the startup’s in-house sales team.
Twiga raises $50 million, early investors receive $30 million in a secondary sale
Kenyan startup Twiga Foods raised $50 million in a Series C round. And some of its early investors received little liquidity through a $30 million secondary sale.