Kenyan ride-hailing company Little is expanding to Tanzania and Ghana by May and plans to raise about $50 million more from investors, its chief executive officer said on Friday. “We want to get into a lot more countries than what we are in at the moment,” Budhabhatti said. Little was talking to investors to raise about $50 million in series A funding, the financing received when a start-up opens up to outside investors for the first time. Little, which has a marketing partnership with Kenya’s biggest mobile operator Safaricom, is also available to Kenyan customers who do not have a smartphone. Little launched a bus service in January in Nairobi, on top of its car taxi service and motorcycle taxi service, known in Kenya as “boda boda”.

Source: The Star February 24, 2019 20:15 UTC