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Dutch fund buyout deal values Kenyan website at Sh220m
A restaurant setting: Kenyan firm, EatOut, makes money when hotels pay to list on its website. Photo/FILE
A Dutch-based venture capital firm has raised its stake in a Kenyan restaurant guide website, EatOut, in a transaction that values the online portal at Sh220 million.
The buyout of a further 7.9 per cent stake at a cost of Sh17 million ($200,000) will see Africa Media Venture (AMVF) raise its ownership in the Kenyan firm from 25 per cent to 32.9 per cent.
