Why even well-funded startups struggle

Workers sorting bananas and arranging them into creates at Twiga Foods Limited in Syokimau in Nairobi on May 30, 2019. PHOTO | EVANS HABIL | NMG

Last week, certain news sent ripples through the burgeoning startup ecosystems in Kenya. It revealed that eight well-funded startups were facing significant challenges.

This revelation surprised a nascent market such as Kenya, which had not been accustomed to witnessing such a phenomenon.

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