Kenya’s startup boom has produced celebrated founders, billion-shilling valuations, and hundreds of millions of dollars in venture capital. It has also produced some spectacular failures. Over the past five years, startups across logistics, e-commerce, agriculture, fintech, food delivery, clean energy, AI, and auto manufacturing have shut down, entered administration, or abandoned their core businesses. The 10 companies on this list raised more than $500 million combined. Copia raised $123 million, Gro Intelligence more than $117 million, and KOKO Networks over $100 million. Others, including Sendy, MarketForce, and Lipa Later, raised tens of millions before running into trouble. But what happens to founders after their startups collapse? TechCabal traced the founders of 10 Kenyan startups that collapsed in the past five years, using public records including regulatory and corporate filings, social media posts, LinkedIn profiles, and speaker engagements. Some have started new companies. Others have become investors, moved into real estate, or returned to old businesses. A few have largely disappeared from public view. Here is where they are now. Sendy Sendy founders in this undated photo. Image source: Sendy Sendy looked like it might become one of Kenya’s great startup success stories. Founded in 2015 by Mesh Alloys, Evanson Biwott, Don Okoth, and Malaika Judd, the company began by connecting businesses needing deliveries with motorcycle riders and drivers. It later grew into a much bigger logistics operation, expanding beyond Kenya and moving into fulfillment and e-commerce. Investors bought into the ambition. Sendy raised at least $26.5 million in disclosed investor funding, including from Toyota Tsusho, Atlantica Ventures, Enza Capital, and Sunu Capital. At one point, it was valued at more than $80 million. By 2023, things had become desperate. Sendy tried raising money at a lower valuation, but a key investor pulled out. In August that year, it announced it was shutting down and seeking buyers for its assets. So, what happened to the four people who started it? Mesh Alloys Mesh Alloys. Image source: Sendy Alloys was Sendy’s most visible founder and its CEO through its rise and eventual collapse. After Sendy, Alloys became involved with Boya—the Kenyan expense-management startup he founded in 2021 while still at Sendy—as the chairman. He also works at Enza Capital, a venture capital firm, as an entrepreneur-in-residence. In December 2024, he founded tabb, a startup that allows banks to give businesses revolving credit lines that can be used instantly across a network of suppliers. The startup does not lend the money itself. It connects banks, suppliers, and businesses, allowing suppliers to be paid immediately while buyers get longer to settle their purchases. Evanson Biwott Evanson Biwott. Image source: Sendy Biwott was Sendy’s technical brain, serving as co-founder and chief technology officer. He has largely remained a builder since Sendy. In 2024, he co-founded AfroQuality, a retail and distribution platform focused on helping African brands. His co-founder, Saint Doe-Tamakloe, announced in a post in November 2025 that the platform is present in Kenya, Rwanda, and Ghana, coming just one month after it launched a store in Nairobi. Don Okoth Don Okoth. Image source: Sendy Okoth, who led parts of Sendy’s operations and freight business, has become a serial founder. In November 2023, only months after Sendy shut down, Okoth founded RTM Africa, a tech-enabled logistics and courier business. By July 2024, he was trying something different. Okoth co-founded Wavu, an aquaculture startup based in Kisumu that works with fish farmers through cage and pond farming, aggregation and improved access to feed. The startup has since participated in programmes run by E4Impact, Village Capital and Hatch Blue. A month later, Okoth joined Antler as an entrepreneur-in-residence. That stint produced his next company, Revazi, an Antler-backed circular fashion startup he founded in 2025. There has also been a reunion with his former co-founder at Sendy. In January 2026, Okoth joined Mesh Alloys’ tabb as a director, advising its mobility business on infrastructure, suppliers and expansion in East Africa. Malaika Judd Malaika Judd. Image source: Reuters Judd took a different route. The entrepreneur, who joined Alloys, Biwott and Okoth as Sendy’s fourth co-founder, eventually moved to Ireland. She is now managing director of the National Development and Research Centre (NDRC), Ireland’s national startup accelerator. She first joined NDRC in February 2024 as an entrepreneur-in-residence. Judd also serves on the board of Africa Originals, a Kenyan alcoholic beverage maker. iProcure Founded in 2013 by Stefano Carcoforo, Nicole Galletta, Patrick Wanjohi and Bernard Maingi, iProcure built a supply-chain platform that helped agro-dealers source products such as fertiliser and seeds from manufacturers while digitising their inventory and distribution. The model attracted investors including Novastar Ventures, British International Investment and Safaricom’s Spark Fund. Over ten funding rounds, iProcure raised $17.2 million. Its biggest raise came in 2022, when it secured $10.2 million in Series B equity and debt to fund expansion across East Africa. On April 26, 2024, iProcure entered administration, with KPMG taking control of its business and assets. Carcoforo told a Nairobi court that the company could no longer pay its debts as they fell due. More than two years later, the company remains under administration—but its founders have moved on. Stefano Carcoforo Stefano at a past event. Courtesy image Carcoforo did not take long to start again. In May 2024, around the same time iProcure entered administration, he co-founded OnSpace Technologies, an enterprise software startup with John Paul Mwirigi. Since May 2024, he has also served as a board member, investor and consultant at CultivaPro, a Kenyan agritech using drones and AI to help commercial growers monitor crops, meet export and traceability requirements, and apply farm inputs precisely. Patrick Wanjohi Image source: LinkedIn/Patrick Wanjohi Wanjohi, who spent a decade as iProcure’s chief technology officer, is now CTO of iPOS, a new company built around the point-of-sale technology originally developed by iProcure. The company’s administrators acquired the technology in November 2024 and relaunched it under a new company run by Mahia-John Mahiaini. iPOS has since expanded into inventory ordering, financing, and other tools for agricultural retailers across Kenya,
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