Egypt: Beltone, Citadel Exit Startup Bosta With Reported 75 Percent Return

Beltone Venture Capital and UAE-based Citadel International Holdings have exited Bosta through their joint investment fund, marking another liquidity event in Egypt’s startup market.

The transaction reportedly generated a 75% internal rate of return for the fund, according to the companies. Financial terms of the exit, including the buyer and sale value, were not disclosed.

The deal is Beltone Venture Capital’s fifth successful exit since its launch in 2023. It is also the second exit completed…