About Twiga Foods
Twiga Foods is a company based in Nairobi (Kenya) founded in 2013 by Peter Njonjo.. Twiga Foods has raised $94.05 million across 7 funding rounds from investors including Goldman Sachs, International Finance Corporation and DFC. Twiga Foods has completed 2 acquisitions, including Jumra and Raisons Distributors Ltd. Twiga Foods offers products and services including Soko Yetu App, Soko Loan, and Soko Call. Twiga Foods operates in a competitive market with competitors including Wasoko, Unicommerce, Kyosk, Anchanto and iVend Retail, among others.
- Headquarter Nairobi, Kenya
- Founders Peter Njonjo
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$94.05 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Goldman Sachs
& 9 more
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Employee Count
Employee Count
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Investments & Acquisitions
Jumra
& 1 more
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Products & Services of Twiga Foods
Twiga Foods offers a comprehensive portfolio of products and services, including Soko Yetu App, Soko Loan, and Soko Call. 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.
Mobile app for vendors to shop products 24/7
Provides working capital loans for African retailers
Toll-free call center for placing orders
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Funding Insights of Twiga Foods
Twiga Foods has successfully raised a total of $94.05M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(01 Jun 2017)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series C - Twiga Foods | Valuation | Creadev , Juven |
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| Nov, 2021 | Amount | Series C - Twiga Foods | Valuation | Creadev | |
| Oct, 2020 | Amount | Debt – Conventional - Twiga Foods | 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 Twiga Foods
Twiga Foods has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, International Finance Corporation and DFC. 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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Tech and offline sectors are invested in globally by Creadev.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Tech & offline focused early & growth stage VC firm investing in Europe, Asia & the US
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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 Twiga Foods
Twiga Foods has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Jumra and Raisons Distributors Ltd. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Distributor of food, drinks, personal care, baby care, household, cleaning, and cosmetics
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2013 | ||||
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Raisons Distributors Ltd is engaged in FMCG distribution in Kenya.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Twiga Foods
| 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 |
Twiga Foods Comparisons
Competitors of Twiga Foods
Twiga Foods operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wasoko, Unicommerce, Kyosk, Anchanto and iVend Retail, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online B2B marketplace offering groceries for enterprises
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| domain | founded_year | HQ Location |
Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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| domain | founded_year | HQ Location |
Digital kiosks are supplied for informal product distribution networks.
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce and logistics operations are delivered.
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| domain | founded_year | HQ Location |
Cloud-based retail management software is provided for offline stores.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Twiga Foods
Frequently Asked Questions about Twiga Foods
When was Twiga Foods founded?
Twiga Foods was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is Twiga Foods located?
Twiga Foods is headquartered in Nairobi, Kenya.
Who is the current CEO of Twiga Foods?
Peter Njonjo is the current CEO of Twiga Foods. They have also founded this company.
Is Twiga Foods a funded company?
Twiga Foods is a funded company, having raised a total of $94.05M across 7 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $29.16M, raised on Jun 01, 2017.
What does Twiga Foods do?
Twiga Foods was founded in 2013 in Nairobi, Kenya, as an online platform focused on agricultural supply chains. Farm products, including vegetables and groceries, are sourced and delivered to small and medium-sized vendors in local and urban markets. Same-day delivery services are provided to support efficient distribution within the region. Operations emphasize connecting producers with retailers in the agri-tech sector.
Who are the top competitors of Twiga Foods?
Twiga Foods's top competitors include Wasoko, Anchanto and Unicommerce.
What products or services does Twiga Foods offer?
Twiga Foods offers Soko Yetu App, Soko Loan, and Soko Call.
How many acquisitions has Twiga Foods made?
Twiga Foods has made 2 acquisitions, including Jumra, and Raisons Distributors Ltd.
Who are Twiga Foods's investors?
Twiga Foods has 10 investors. Key investors include Goldman Sachs, International Finance Corporation, DFC, CreaDev, and Juven.
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