DOB Equity portfolio company Twiga Foods raises $10m from IFC, TLcom

Kenyan agri-tech startup Twiga Foods, which connects smallholder farmers in rural areas to informal retail vendors in cities, has raised US$10 million in funding from the International Finance Corporation (IFC) and TLcom Capital.

The IFC and TLcom investment will enable Twiga Foods to reach more farmers, improve efficiency in service delivery and increase access to high quality produce and foodstuffs for vendors. Twiga will use the new investment to expand operations and offer new services. Since it launched in 2014, it has grown to work with over 13,000 farmers and 6,000 vendors in Kenya.

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