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African B2B e-commerce giant Wasoko marked down to $260M after VC halves stake
Swedish investment firm VNV Global is valuing its holding in African B2B e-commerce startup Wasoko at $260 million.
VNV Global attributes its fair value estimate to a valuation model based on trading multiples of public peers rather than historical funding rounds. As one of Africa’s largest B2B grocery marketplaces, Nairobi-based Wasoko secures agreements with major suppliers like P&G and Unilever, bypassing intermediaries and offering goods at competitive prices. The structure of the new combined entity still remains unclear, but MaxAB and Wasoko anticipate that together, they will be able to offer a fresh lifeline to their pursuit to lead the continent’s B2B e-commerce industry, profitably.
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