The high rate of waste and the lack of effective distribution are two major problems plaguing the agribusiness value chain across African countries. A startup tackling both issues has just bagged major funding.
Twiga Foods, the Kenya-based food logistics startup, has raised $23.7 million in a Series B round led by US investment bank Goldman Sachs. The company also raised an additional $6 million in debt. The latest funding follows a $10 million round last November.