B2B e-commerce startup Zumi is shutting down due to its inability to raise the funding necessary to sustain its operations.
This close will see the company lay off its team of 150 people who have previous work experience from companies like SpaceX, Amazon, Twiga, and Jumia.
CEO and co-founder of the Kenya-based startup, William McCarren, announced the company’s close in a Linkedin post saying, the current macro environment has made fundraising extremely difficult, and unfortunately, our business was not able to achieve sustainability in time to survive.
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