Kenyan startup founder raises Sh582m for eco-tourism businesses

PEV says the new funding round will help it further scale its portfolio of startups and launch new ventures to address the hospitality industry’s most pressing challenges.

Photo credit: Shutterstock

A Kenyan tourism-focused start-up founder Purple Elephant Ventures (PEV) has raised $4.5 million (Sh582.8 million at current conversion rates), to help develop environment-friendly businesses in the travel industry.

The firm focuses on regenerative tourism which is a concept where visitors are required to leave their holiday destination, in a better condition than how they found it.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.