Twiga Foods

Revolutionizing Africa Retail

General Information
Company Name
Twiga Foods
Founded Year
2013
Location (Offices)
+1
Founders / Decision Makers
Number of Employees
997
Industries
Agriculture, E-Commerce, Food and Beverage +2
Funding Stage
Debt Financing
Social Media

Twiga Foods - Company Profile

Twiga Foods is a game-changing startup that is revolutionizing the African retail industry. Since its establishment in 2013, the company has been committed to becoming Africa’s largest grocer. Twiga leverages a mobile-based, cashless, business-to-business (B2B) supply platform to penetrate the distribution networks of millions of small and medium-sized vendors in African urban markets. With a focus on lowering their daily costs of goods, Twiga aims to capitalize on the untapped potential within broken, informal value-chains and wholesale providers. Nairobi alone boasts at least 18,000 small and medium-sized vendors purchasing $55 worth of stock daily, positioning Twiga to emerge as their primary source of supply. The company's future plans involve expanding its platform to five African markets. A significant milestone for Twiga was the $35.00M Debt Financing investment secured on 18 December 2023, with participation from Creadev and Juven. The startup operates at the intersection of agriculture, e-commerce, and retail, presenting enormous growth potential within an evolving market landscape.

Taxonomy: B2B platform, mobile-based supply, retail technology, mCommerce, agriculture supply chain, cashless transactions, African markets, small and medium-sized vendors, urban markets, grocery, supply chain optimization, market stalls, Nairobi

Funding Rounds & Investors of Twiga Foods (15)

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Funding Stage Amount No. Investors Investors Date
Debt Financing $35.00M 2 18 Dec 2023
Venture Round Unknown 2 28 Nov 2023
Series C $50.00M 9 OP Finnfund Global Impact Fund I, IFC Venture Capital Group +1 01 Nov 2021
Debt Financing $30.00M 1 29 Oct 2020
Series B $23.75M 6 IFC Venture Capital Group 28 Oct 2019

View All 15 Funding Rounds

Latest News of Twiga Foods

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No recent news or press coverage available for Twiga Foods.

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