Dutch fund acquires 25pc of Eat Out

Kenyan restaurant guide website Eat Out has sold a minority stake to Dutch venture capitalist Africa Media Ventures Fund to raise expansion capital and bring on board expertise to help move to new markets.

The three-year-old local start-up sold 25 per cent of its business as it eyes roll-out in Uganda, Rwanda and Tanzania by the end of the year. Eat Out is owned by Websimba Ltd.