commerce

Sky.Garden, Kenya’s Amazon-style marketplace, faces closure after funding fell through

The future of Kenya-based Sky.Garden — an Amazon-style marketplace for third-party merchants to sell electronics, home goods and more — is in the balance after the startup failed to close a round of financing, according to a memo the startup sent out to employees.

An insider told TechCrunch that the startup’s co-founder and CEO, Martin Majlund, sent termination notices to employees earlier this month after a town hall meeting, during which he revealed that the company was running out money and will close on October 16.

However, contacted by TechCrunch, Majlund said that while the startup is facing a

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