• Latest
  • All
  • How To
Twiga Foods

Twiga Foods Raises Kshs 3 Billion Series B Round for Africa Expansion

October 28, 2019
Microsoft Recall

Signal Blocks Microsoft Recall Feature to Protect Private Chats

May 22, 2025
Infinix XPad GT

The Infinix XPad GT Gaming Tablet Makes Its Debut at $400

May 22, 2025
Passport Application

How to Apply for a Kenyan Passport Online in 2025: A Complete Guide

May 22, 2025
google-chrome

Google Chrome Will Start Automatically Replacing Your Weak Passwords

May 22, 2025
DHgate Tablet Cases deals
telegram

Telegram Posts $540m Profit Despite Founder’s Legal Hurdles

May 22, 2025
ID Checks May Soon Be Required for Social Media in Kenya

ID Checks May Soon Be Required for Social Media in Kenya

May 21, 2025
Safaricom launches revamped business loans

Safaricom Unveils Business Credit via M-PESA and Pochi Wallets

May 21, 2025
huwaei-matebook-x-fold

Huawei Debuts Foldable Laptop Running on HarmonyOS 5

May 21, 2025
google-meet

Google Meet Brings Real-Time Language Translation with Gemini

May 21, 2025
NSSF Hacking Claims Disputed: Fund Says No Member Data Compromised

NSSF Denies Allegations of Massive 2.5TB Data Breach

May 21, 2025
Google I/O 2025

Google I/O 2025 Highlights: Gemini, XR Glasses & Project Astra

May 21, 2025
Tanzania Blocks X, Arrests Opposition Leaders

X (Twitter) Goes Dark in Tanzania

May 21, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

Twiga Foods Raises Kshs 3 Billion Series B Round for Africa Expansion

Kiruti Itimu by Kiruti Itimu
October 28, 2019
in News
Reading Time: 2 mins read
259
1
Twiga Foods

Twiga Foods

Twiga Foods, the B2B food distribution company has raised a total of $30 million (Kshs 3 billion) in a Series B round.

The company raised $23.75 million led by Goldman Sachs and other investors including the International Finance Corporation, TLcom Capital and Creadev. An additional $6 million was raised from OPIC and Alpha Mundi.

The money will be used to fund the development of their proprietary technology and logistics assets to support the rollout of its distribution system. It will also be used to lay foundation for expansion into other cities on the continent (Africa).

It seems Twiga has its sights to scale to the African continent which has huge potential. “This funding enables us to invest in our technology and organization to tackle inefficiencies in Africa’s domestic food production and distribution ecosystems, a $300 billion informal and fragmented market that is estimated to grow to $1 trillion by 2030,” Peter Njonjo, Twiga Foods CEO and Co-Founder said.

Twiga Foods is no stranger to venture capital funding. They received a $10 million investment from IFC last year and in 2017, they raised $10.3 million Series A funding that was led by Wamda Capital, Omidyar Network and more.

Twiga Foods was launched in Nairobi 5 years ago and now they source fresh produce from more than 17,000 producers and delivering 3 times a week on average to over 8,000 retailers. Their platforms links retailers with farmers and food manufacturers so that they can have a reliable alternative to the inefficient and expensive farm to factory processes. They pay farmers within 48 hours with mobile money.

According to the company, through investment in its supply chain and material handling, Twitter has apparently reduced their level of food waste by upto 70% compared to  market averages.

Tags: Twiga Foods
SendShare147Tweet92
Kiruti Itimu

Kiruti Itimu

Culture Editor. Covers the intersection of Tech, Social Media and Web Culture. Tech enthusiast [email protected]

Related Posts

Debt-Ridden Twiga Foods Forces Layoffs

NEW! Twiga Foods to Fire More Staff Again

August 21, 2024
Charles-Ballard Current Twiga Foods CEO

Charles Ballard: exJumia Kenya CEO to Head Troubled Twiga Foods

May 1, 2024
Court blocks twiga liquidation

Twiga Foods CEO on Sabbatical Days After Court Ruling over Liquidation Claim

December 14, 2023
Court blocks twiga liquidation

Court Grants Twiga Foods Reprieve in Liquidation Case

October 3, 2023
Twiga Foods in court for Liquidation case

Debt Dispute Threatens Twiga Foods with Liquidation

September 27, 2023
AFRICA AGRIFOODTECH funding report for

Agrifoodtech: Kenya Start-ups Receive KES 89.8 Billion Investment In a Decade

September 25, 2023

Latest

Microsoft Recall

Signal Blocks Microsoft Recall Feature to Protect Private Chats

May 22, 2025
Infinix XPad GT

The Infinix XPad GT Gaming Tablet Makes Its Debut at $400

May 22, 2025
Passport Application

How to Apply for a Kenyan Passport Online in 2025: A Complete Guide

May 22, 2025
google-chrome

Google Chrome Will Start Automatically Replacing Your Weak Passwords

May 22, 2025
telegram

Telegram Posts $540m Profit Despite Founder’s Legal Hurdles

May 22, 2025
ID Checks May Soon Be Required for Social Media in Kenya

ID Checks May Soon Be Required for Social Media in Kenya

May 21, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

Signal Blocks Microsoft Recall Feature to Protect Private Chats

May 22, 2025

The Infinix XPad GT Gaming Tablet Makes Its Debut at $400

May 22, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

Introducing A Brainbox Quiz: Techweez’s Monthly Trivia Night!

5 Most Reliable Virtual Dollar Card Providers in Nigeria

More News

Safaricom Unveils Business Credit via M-PESA and Pochi Wallets

Huawei Debuts Foldable Laptop Running on HarmonyOS 5

Google Meet Brings Real-Time Language Translation with Gemini

NSSF Denies Allegations of Massive 2.5TB Data Breach

Google I/O 2025 Highlights: Gemini, XR Glasses & Project Astra

X (Twitter) Goes Dark in Tanzania

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.