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In Brief: Kenyan FoodTech Startup Kune Banks US$1M Pre-Seed Funding

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In Brief: Kenyan FoodTech Startup Kune Banks US$1M Pre-Seed Funding

Kenyan FoodTech startup Kune has raised US$1 million in pre-seed funding to launch its on-demand food service in August.

The six-month-old startup secured funding from Pan-African venture capital firm Launch Africa Ventures which led the pre-seed round with participation from Century Oak Capital GmbH and Consonance and Pariti.

Founded by CEO Robin Reecht in December 2020, Kune delivers freshly made, ready-to-eat meals at arguably affordable prices.

Read: Kenya’s MarketForce Acquires Digiduka to Consolidate Distribution of Consumer Goods with Digital Financial Services

“After three days of coming into Kenya, I asked where I can get great food at a cheap price, and everybody tell me it’s impossible,” he told TechCrunch. “It’s impossible because either you go to the street and you eat street food, which is really cheap but with not-so-good quality, or you order on Uber Eats, Glovo or Jumia, where you get quality but you have to pay at least US$10.”

Kune aims at offering a new way for people in Nairobi to access affordable meals by finding a balance between typical local roadside food shops and on-demand food delivery prices from global companies.

The startup applies a hybrid model, combining both cloud and dark kitchen concepts where meals are cooked and packaged in its factory and delivered directly to online, retail and corporate customers.

Kune plans to launch in August after its new factory is completed with the aim of achieving a delivery time of 30 minutes.

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