Nairobi-based food tech startup, Kune, has announced that it has secured a $1mn pre-seed round to launch its food-on-demand service in August.
“After three days of coming to Kenya, I asked where I could get great food at an affordable price and everyone told me it’s impossible,” said CEO Robin Reecht. “It is impossible because either you go to the street and eat street food, which is Really cheap but not so good quality, or you order at Uber Eats, Glovo or Jumia where you get quality but have to pay at least $10.”
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The pre-seed investment was led by Launch Africa Ventures, a pan-African venture capital firm. Century Oak Capital GmbH and Consonance were among the other investors, with Pariti, an ecosystem management business, contributing.
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“Launch Africa is excited to be leading the first round of financing for this exciting new startup in the Kenyan food sector. Leveraging the cloud kitchen model and owning the entire supply chain provides a massive growth and scaling opportunity for Kune Africa, and we are looking forward to seeing the business take off and grow,” said Baljinder Sharma, director of Launch Africa Ventures.
What You Need To Know About Kune
Kune, founded by CEO Robin Reecht in December 2020, provides freshly prepared, ready-to-eat meals at allegedly extremely reasonable prices. After a successful test in early 2021, the business will debut its freshly prepared meals and on-demand delivery service in August, with the ability to serve up to 5,000 people a day in Nairobi’s working and middle classes.
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