Koko Networks administrators begin sale of collapsed clean cooking startup’s assets
- Koko Networks has begun marketing its assets following its collapse in January.
- The company laid off over 700 employees after the Kenyan government rejected a crucial Letter of Authorisation.
- Administrators are seeking buyers for transactions exceeding $15 million, indicating a preference for strategic sales.
The downfall of Koko Networks highlights the fragility of startups reliant on government approvals for critical revenue streams. It raises questions about the sustainability of business models that depend heavily on regulatory support, especially in emerging markets. Future ventures should consider diversifying their revenue sources to mitigate similar risks.
