Little cab sells stake of around 10 percent for $3million - News Summed Up

Little cab sells stake of around 10 percent for $3million


| Published Tue, June 5th 2018 at 09:23, Updated June 5th 2018 at 09:29 GMT +3Kamal Budhabhatti, the CEO of Little, a cab companyKenyan taxi-hailing firm, Little, which has a partnership with telecoms operator Safaricom , has sold just under 10 percent of its shares to an unnamed Indian investor for $3 million (Sh300m), it said on Monday. ALSO READ: Uber to do food delivery business in KenyaHe said Little had started operations in Uganda and Rwanda would follow later in June, followed by Zambia, Ghana and Tanzania. Little competes with Uber and Taxify. Little’ s parent company, Nairobi-based software developer Craft Silicon, has invested $6 million (Sh600m) in the app. Stay informed while on the go by subscribing to the Standard Group SMS service.


Source: Standard Digital June 05, 2018 06:33 UTC



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