Seventh Kenya tech start-up goes under on lack of funding

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Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up. FILE PHOTO | SHUTTERSTOCK

Another tech start-up, Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up, adding to the growing list of tech firms that have collapsed in recent months hurting Kenya's dream of becoming Africa's Silicon Savanah.

In a LinkedIn post, the firm’s co-founder and CEO William McCarren cited difficulties in fundraising that undermined sustainability saying that the move will result in at least 150 employees being laid off.

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