Beltone Venture Capital and Citadel International Holdings have announced the successful exit of their joint investment in the Egyptian logistics startup Bosta, delivering a 75% internal rate of return.
Beltone Venture Capital and UAE-based Citadel International Holdings completed the transaction, marking the fifth successful exit for Beltone since its launch in 2023 and the second through their joint fund.
Ali Mokhtar, CEO and Managing Partner of Beltone Venture Capital, highlighted the outcome. “This successful exit demonstrates the strength of our joint fund with Citadel International Holdings and the impact of aligned capital and strategy,” he said. “Delivering a 75% IRR reinforces our disciplined investment approach.”
Fadi Dahlan, Founder of Citadel International Holdings, noted ongoing opportunities in Egypt. “We see Egypt as a high-potential market for startup investment, driven by strong fundamentals and entrepreneurial talent,” Dahlan said.
The deal underscores investor interest in Egypt’s technology-driven logistics sector, where Bosta has grown into a leading player in e-commerce and supply chain services.