Exclusive: Copia co-founder Tracey Turner plots comeback after e-commerce firm’s demise
Tracey Turner, co-founder of Copia Global, is launching a new company in Kenya to deliver household items in Nairobi and surrounding suburbs. The new company has three investors lined up for funding.
Next Wave: Unfortunately, startups that go into administration are basically dead
The administration of a startup often leads to the closure of the business due to financial obligations and the inability to repay creditors. Funding and market fit are identified as two major hurdles for startups, with a lack of financing and failure to conduct market research being common reasons
iProcure, a Kenyan agritech startup, files for bankruptcy amid capital shortfall
iProcure, a Kenyan agritech startup, has filed for bankruptcy after failing to secure additional capital from investors. The court has appointed KPMG Advisory Services to oversee all aspects of iProcure, including properties, operations, and creditors' claims.
Exclusive: Kenyan agritech iProcure files for bankruptcy after investors’ snub
iProcure, the Kenyan agritech startup, has filed for bankruptcy after failing to secure more funding. The company's co-founder stated that it was struggling to meet its financial obligations and could not pay its debts.
iProcure, Kenyan Agritech Firm, Enters Administration Amid Financial Woes
iProcure, a Kenyan agritech startup, is under administration after failing to settle undisclosed debts. KPMG's advisory division has been appointed as the administrator to revive the company.
