Entrepreneurship, Innovation and Startups News Hub

Founders of Kenyan Startup KOKO Networks Join Endeavor Network

Reading Time: < 1 minute

Endeavor has selected ten entrepreneurs leading six companies including founders of Kenya’s Koko Networks, Greg Murray and Sagun Saxena, at the Twelfth Virtual International Selection Panel (vISP) held February 22-24, 2021.

Endeavor now supports 2,141 entrepreneurs leading 1,338 companies in nearly 40 markets around the world.

KOKO Networks is a venture-backed climate-tech platform based in Kenya and India, delivering carbon-negative cooking fuel to the urban mass-market.

Urban Africans spend $40B per year on cooking fuel, most of which is deforestation-based charcoal.

Annually, the African charcoal industry drives 1B tons of CO2e, 5M acres of deforestation and 600,000 deaths from indoor air pollution.

KOKO’s hardware and software technologies enable clean bioethanol cooking fuel to be accessible at low cost within a short walk of homes, undercutting demand for charcoal and enabling a material quality of life upgrade for low-income households.

Founded in 2014, KOKO’s 700-strong team is scaling rapidly in Kenya and investing in geographic expansion.

As part of Endeavor’s network, the newly selected entrepreneurs will gain access to comprehensive, strategic, global support services, including introductions to local and international business mentors, investors, and volunteers from Fortune 500 consulting firms who will help them address key needs.

Endeavor Entrepreneurs have had a significant track record of impact. Endeavor Entrepreneurs have created 4.1 million jobs, generated $26.8 billion in revenues in 2019, and help build sustainable growth models in their home countries.

Jiji Nigeria
We would like to make you the first to get all our updates!    OK No thanks