Sky.Garden, a Kenyan online business-to-customer marketplace has been acquired by undisclosed buyers. This is coming after the startup nearly shut down last month for failing to secure funding.
The founder and CEO Martin Majlund said, “Last month management saw no other option than to file for insolvency in the Danish Holding Company Sky.Garden ApS. Today, I’m happy to announce that we’ve found an acquirer for the IP and the Kenyan company. Sky.Garden will live on with new owners and new management,” he said.
- Sky.Garden, which was seeking investors, had given its employees a month’s notice from September 16 to October 16, 2022, after which it was to close its doors if the plan failed.
- Consequently, it would have been the latest startup to shut down in Kenya.
This recent breakthrough will leave the company standing with new management as they strive to move forward.
Although 2022 has been a difficult year for the company, Majlund says Sky.Garden has been able to manage its staff retention.
“I am pleased that we managed to secure the vision of Sky. Garden to live on whilst retaining jobs”.
The CEO also says Sky. Garden has affected thousands of businesses and consumers in Kenya and groomed 100+ employees since inception with many now working for multinational companies like Microsoft, Google and others.