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Deals With Microsoft, Shopify and Stripe Fail to Keep Carbon Removal Startup Alive
In June, Running Tide announced plans to dissolve despite high-profile early customers.
- Region
- Europe & Eurasia
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AG Insights Platform Gro Intelligence Is Closing Down
Ag insights platform Gro Intelligence is calling it quits after failing to secure enough capital to stay afloat following a turbulent few months, AgFunderNews understands.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
- Tags
- data, failure, smallholder farmers
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A Hidden Reason for Business Failure in Social Enterprise: Exploring Innovative Talent Solutions in Frontier Markets
Social enterprises need extraordinary talent and leadership to navigate the challenges of doing business in frontier markets. As Paul Breloff at Shortlist and Daniel Waldron and Coco Lim at Acumen explain, failure to find the right talent is a leading factor in company and investment failure — and top talent is in short supply, and often comes at a steep cost. They share learnings from Acumen and Shortlist's shared experience recruiting and retaining talent, exploring some innovative approaches that go beyond traditional full-time structures.
- Categories
- Social Enterprise
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Kenya’s Copia Mulls Shutdown Amid Plans to Lay Off Over 1,000 Staff
The layoffs would be a drastic cost-cutting measure for the company.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- distribution, e-commerce, employment, failure, startups
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Techstars-Backed BlackCopper Set Out to Disrupt Lending, Now It Owes Investors ₦1 Billion
Despite its bright start and significant press coverage, BlackCopper soon faced an existential crisis: it could not recover over 60,000 loans disbursed to customers.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- digital finance, failure, fintech, lending, startups
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Viewpoint: From Honest to Just: How Coca-Cola’s Fumble with Honest Tea Turned into an Unexpected Gift
Despite the brand’s success as the world’s first organic and Fair Trade certified bottled tea brand, supply chain disruptions during the pandemic made Honest Tea a victim of Coke’s “Fewer, Bigger Bets” strategy.
- Categories
- Agriculture
- Region
- Global
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Glovo to Shut down in Ghana, Two Years After Investing $3.7 Million
Glovo, a food delivery platform, will cease operations on May 10, 2024, in Ghana, two years after investing €3.5 million ($3.7 million) to expand its operations.
- Categories
- Transportation
- Region
- Sub-Saharan Africa
- Tags
- failure
-
Pivo Africa Closes A Year After Securing $2 Million Funding
Pivo Africa, a Nigerian fintech startup, backed by Y-Combinator, has shut down prematurely after launching in 2021 and securing $2M funding.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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