About Kenafric Industries
Kenafric Industries is a company based in Nairobi (Kenya) founded in 1987 by Kirtan Shah and Ratanean Lalji Gosar Shah was acquired by Britannia in October 2022.. Kenafric Industries offers products and services including Chiclets, Bubble Gums, Lollipops, OYO Mchuzi Mix, and Ready To Drink.
- Headquarter Nairobi, Kenya
- Founders Kirtan Shah, Ratanean Lalji Gosar Shah
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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- Legal Name Kenafric Industries Limited
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Products & Services of Kenafric Industries
Kenafric Industries offers a comprehensive portfolio of products and services, including Chiclets, Bubble Gums, Lollipops, OYO Mchuzi Mix, and Ready To Drink. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Chewing gum for everyday consumer enjoyment
Chewy gum products for children and adults
Sweets on sticks for quick treats
Seasoning mix for enhancing meals
Juices for on-the-go refreshment
Baked goods made with quality ingredients
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Funding Insights of Kenafric Industries
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Private Equity Round - Kenafric Industries | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kenafric Industries
Kenafric Industries has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Britannia, Metier and Amethis. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Metier is engaged in private equity and growth investments across Africa.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Biscuits, cakes, rusks, and dairy products are produced by Britannia.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kenafric Industries
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Kenafric Industries
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kenafric Industries Comparisons
Competitors of Kenafric Industries
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kenafric Industries
Frequently Asked Questions about Kenafric Industries
When was Kenafric Industries founded?
Kenafric Industries was founded in 1987 and raised its 1st funding round 30 years after it was founded.
Where is Kenafric Industries located?
Kenafric Industries is headquartered in Nairobi, Kenya.
Who is the current CEO of Kenafric Industries?
Kirtan Shah is the current CEO of Kenafric Industries. They have also founded this company.
What does Kenafric Industries do?
Kenafric Industries was founded in 1987 in Nairobi, Kenya, as a multi-category producer in the convenience food sector. A variety of products is manufactured, including chiclets, bubble gums, lollipops, candies, toffees, spice mixes, icing sugar, ready-to-drink and powdered beverages, milk and glucose biscuits, and popcorn puffs. Operations are centered on food processing and distribution within the region.
What products or services does Kenafric Industries offer?
Kenafric Industries offers Chiclets, Bubble Gums, Lollipops, OYO Mchuzi Mix, and 2 more products and services.