Khwarizmi Ventures partially exits Bosta, marking sixth portfolio exit
Saudi VC Khwarizmi Ventures has partially exited its investment in Egyptian logistics startup Bosta, realising a net multiple of nearly 3x on its total position. Khwarizmi invested in Bosta three times, beginning with its Series A and later leading one of the company’s follow-on rounds. Founded in 2017 by Mohamed Ezzat, Bosta provides technology-enabled logistics and last-mile delivery services…
Saudi venture capital firm Khwarizmi Ventures has partially exited its investment in Egyptian logistics company Bosta, realizing a nearly 3x return on its total investment. Khwarizmi had invested in Bosta on three separate occasions, leading one of the company's follow-on rounds. Founded in 2017 by Mohamed Ezzat, Bosta offers technology-driven logistics and last-mile delivery services to businesses in multiple markets.
This partial exit marks Khwarizmi Ventures' sixth portfolio exit, following previous exits of Tamara, POSRocket, Fatura, Melltoo, and Qawafel. The details of the buyer, transaction value, stake sold, and Khwarizmi's remaining stake in Bosta were not disclosed. Khwarizmi Ventures expressed its pride in the Bosta team and their growth, while acknowledging the company's success in transforming logistics and last-mile delivery in the region.
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